Optus quarterly profit jumps 39%

Friday 9 February 2018 | 10:07 CET | News
Australian operator Optus posted operating revenue growth of 5 percent year-on-year to AUD 2.3 billion for the quarter ended 31 December 2017. During the quarter, Optus posted a record postpaid handset customer growth of 127,000. This was slightly offset by a 29,000 decline in prepaid customers. Mass Market Fixed operating revenue grew 21 percent, following an increase of 65,000 NBN customers and higher NBN migration payments during the quarter. Optus now has 416,000 NBN broadband customers. Net profit for the quarter rose 39 percent to AUD 262 million.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Optus
Countries: Australia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Optus completes AUD 42 mln investment in Tasmania mobile network

Published 14 Aug 2018 04:50 CET | Australia
Australian operator Optus has completed the deployment of 37 mobile sites across Tasmania in the past 12 months. Overall ...

Telstra half-year revenue grows nearly 6%, profit declines

Published 15 Feb 2018 10:53 CET | Australia
Australian operator Telstra announced that its total income for the half-year ended 31 December 2017 was up 5.9 percent to AUD ...

Singtel quarterly profit down on lower associate returns, Optus leads 4% sales growth

Published 08 Feb 2018 14:07 CET | Asia
Singtel group reported operating revenue up 4 percent year-on-year in its fiscal third quarter to December to SGD 4.60 billion, ...

Optus to start 5G rollout in early 2019

Published 02 Feb 2018 06:13 CET | Australia
Australian operator Optus has announced its intention to commence the roll out of 5G technology in Australia by early 2019 with a ...

Optus partners with Fetch TV, Google to enable hands-free entertainment

Published 25 Jan 2018 08:14 CET | Australia
Australian operator Optus has announced the Fetch set-top box now works with the Google Assistant on Google Home and compatible ...

Optus, Seven Network to offer data-free sport content streaming

Published 15 Dec 2017 06:53 CET | Australia
Australian operator Optus has signed a partnership agreement with Seven Network to offer customers on eligible post-paid mobile ...

Optus acquires metropolitan licences in 2300 MHz, 3500 MHz spectrum bands

Published 14 Dec 2017 11:35 CET | Australia
Australian operator Optus has acquired a variety of metropolitan licences for its customers in the 2300 MHz and 3500 MHz spectrum ...

Optus to compensate around 8,700 subs for slow NBN speeds

Published 11 Dec 2017 07:37 CET | Australia
Australian operator Optus will offer remedies to more than 8,700 of its customers who were misled about maximum speeds they could ...