CelcomDigi profits dip

CelcomDigi profits dip

CelcomDigi reported a dip in earnings due to depreciation of network assets, and flat revenues as the company continues its merger integration. 

In a statement, the company revealed profits dipped 3.8% year-on-year to MYR459 million (US$98 million) in Q3.

Meanwhile, service revenue was flat at MYR2.7 million, but the operator saw “steady growth” across prepaid, home, fibre and other segments. 

The company noted it was on track with overall merger integration and modernisation reaching over 4,400 sites at the end of October, pushing download rates by up to 17% at sites that have been upgraded. Around 1,600 sites were switched off. 

Sales of devices increased 13% to MYR392 million and Capex increased by 8.6% to MYR385 million to support network capacity revamps and IT integration. Network investment will be accelerated in Q4, the operator said. 

CelcomDigi recorded 20.6 million users across prepaid and post-paid, a growth rate of 3.2%. Prepaid RPU declined 3.4% to MYR28 and post-paid was also down to MYR62. 

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