True’s 3G/4G users reach 59% of total

16 May 2014

Thailand’s True Corp has reported that its cellular service revenue grew 1.7% quarter-on-quarter and 9.1% year-on-year to THB9.3 billion (USD286 million) in 1Q14 due to solid performance of its 3G/4G ‘True Move H’ business, with especially strong momentum in the mobile non-voice and smart device segments offsetting revenue declines in fixed network and pay-TV divisions. True served a total of 23.1 million mobile subscribers at the end of 1Q14, up from 21.5 million a year ago, while 3G/4G customers grew to 13.6 million at 31 March 2014, up from 3.2 million twelve months earlier, representing 59% of the total subscriber base. True also noted that its 3G/4G service ‘achieved its breakeven point during the quarter.’ True Corp swung to a consolidated net profit of THB3.9 billion in the three months to the end of March 2014 (compared to a net loss of THB1.1 billion in the year-ago period), on total revenues which climbed from THB23.9 billion to THB25.1 billion over the same period, while group EBITDA remained flat year-on-year at THB4.7 billion. Fixed network division True Online posted a 13.6% y-o-y revenue decline to THB6.3 billion in Q1 2014 despite net fixed broadband customer additions of 60,000 in the quarter, while revenues at pay-TV division TrueVisions fell 9.7% to THB9.7 billion.

Thailand, True Corp,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share