Singtel TV subscribers down 6,000 in 1Q 2023

Singtel has announced results for its financial year ended 31 March 2023.

Singapore Consumer’s operating revenue increased 3% as it built on its strong mobile growth momentum. Mobile service revenue rose 11%, mainly from higher roaming, increased 5G adoption and prepaid sales. The 5G customer base has grown to over 760,000 from around 480,000 a year ago. Fixed broadband revenue also grew on the back of higher speed broadband plans. Pay-TV revenue fell but the decline was more than offset by content savings. EBITDA and EBIT rose 13% and 18% respectively due to improved business performance as well as robust cost management. Digital TV News