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Sunday, November 22, 2009

SingTel says regional mobile users up 26 pct

Singapore Telecommunications (SingTel) said Tuesday its regional mobile user base expanded by more than 56 million users over 12 months to the end of September. The company said the 26 percent-rise to 273 million was driven by solid growth mainly from regional associates plus net gains in subscribers from wholly owned Australian unit Optus. Of SingTel's six regional associates, India's Bharti posted the biggest increase in percentage terms with subscribers up 43 percent to 110.5 million, it said. SingTel, the biggest telecoms firm in Southeast Asia, says it has a 30.44 percent interest in Bharti. Indonesia's Telkomsel, in which SingTel holds a 35 percent stake, saw a 32 percent jump in mobile users to 79.8 million. Other associates AIS of Thailand, Pakistan's Warid Telecom and Pacific Bangladesh Telecom Limited also saw substantial rises, said SingTel. Globe Telecom of the Philippines was the only mobile associate to register a decline, with users down 2.6 percent to 23.13 million from a year ago. Optus's mobile base surged 11 percent to over 8.2 million. At home, SingTel lifted its domestic market share to 46.2 percent as local cellular users grew 8.0 percent to 3.1 million. The company is expected to release Wednesday its earnings for the September quarter, having reported that net profit for the April-June period rose 7.7 percent to 945 million Singapore dollars (685 million US).
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