Hong Kong’s HKT, the core telecoms unit of PCCW Group, has reported its results for the six months ended 30 June 2014, in which total revenue increased by 13% year-on-year to HKD12.520 billion (USD1.615 billion), total EBITDA rose by 15% to HKD4.425 billion and net profit increased by 18% to HKD1.400 billion. Fixed network revenues grew 4% to HKD9.565 billion while mobile revenues increased by 63% to HKD2.910 billion, following regulatory approval of HKT’s takeover of larger cellular rival CSL in May 2014. While fixed line subscribers were roughly flat y-o-y, totalling 2.654 million at mid-2014, HKT and new acquisition CSL’s combined mobile base numbered 4.512 million at end-June, according to the interim results announcement, up by 173% compared to HKT’s reported total a year ago.
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