Macau’s incumbent telco, Companhia de Telecomunicacoes de Macau (CTM) has reported that its annual net profits grew 4% to just over MOP1 billion (USD123 million) in 2013, despite a 4% fall in revenues to MOP4.7 billion. The decline in revenue last year was blamed on an 18% decrease in sales of mobile equipment, whilst underlying telecoms service revenue increased by 10%. CTM said it had 152,300 internet subscribers at end-2013, up by 5% in a year, and including 2,000 direct fibre broadband subscribers, while its mobile user base grew by 6% to 788,600. CTM’s CAPEX reached over MOP400 million in 2013, up by 20% from 2012’s investment. Vandy Poon Fuk Hei, CTM’s CEO, added that CTM’s three-year investment plan which began in 2013 will surpass an original target of MOP1.2 billion spending, with the operator already ‘technically ready to provide 4G services’ and pursuing a target of expanding its fibre-optic network to ‘100% of Macau’.
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