Optus quarterly EBITDA increases 2.6%, net profit stable

Friday 11 August 2017 | 13:07 CET | News
Australian operator Optus saw its EBITDA increase 2.6 percent year-on-year to AUD 662 million in the quarter ended 30 June 2017. Net profit was stable at SHD 171 million following an increase in depreciation and amortisation from network investments and net finance expenses, the company said. Operating revenue rose 4.8 percent to AUD 2 billion due to higher mobile and NBN revenues, partially offset by decline in wholesale fixed revenues. Free cash flow for the quarter amounted to AUD 120 million, up from AUD 99 million in the year-earlier period.

Optus added over 54,000 postpaid subscribers. Postpaid handset ARPU improved 1.8 percent excluding Device Repayment Plan (DRP) credits. The number of 4G mobile customers increased by 85,000 this quarter, resulting in the total 4G customer base increasing to 5.88 million as at 30 June 2017. 4G Plus customers now account for 60 percent of Optus’ total mobile customer base.

The Optus 4G network currently covers 96.4 percent of the Australian population. Optus plans to invest AUD 1 billion in the expansion and upgrade of its mobile network in regional Australia by the end of June 2018.

In Consumer Mass Market Fixed, operating revenue jumped 13.2 percent, mainly due to higher NBN migration and NBN customer growth of 143,000 from a year ago. Excluding NBN migration and preparation fees, Mass Market Fixed revenue grew 4.4 percent. Optus currently serves 279,000 NBN broadband customers. Optus Business reported stable EBITDA, and revenue of AUD 380 million.

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