Singtel on song with mioTV
Editor | 13-02-2014
Incumbent Singapore telco SingTel has reported a strong end to 2013 with mio TV IPTV subscribers up significantly.
For its third quarter ended 31 December 2013, Singtel had 418,000 mio TV customers, up from 414,000 at the end of September 2013 and 398,000 at the same time in 2012. mio TV also increased its revenues by 41%.
Attempting to reasons for the rise, Singtel noted that mio TV has enlarged its Chinese and English content offerings with the introduction of the cHK and RTL-CBS channels.
Yet just as the expanded content suite was providing a boost, fixed broadband revenue was dampened by promotional offers for fibre broadband services including waiver of installation charges, discounts and speed upgrades in light of the intense competitive environment. Customers on bundled triple/quad-play services increased by 7.7% to 364,000 as at 31 December 2013.