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Digi Malaysia Posts Nearly 40% Increase in Data Revenues

Digi Malaysia Posts Nearly 40% Increase in Data Revenues

On the back of high data revenue growth of nearly 40% and improved EBITDA margin , DiGi.Com Berhad (DiGi) has posted stronger pre-tax profits of RM795 million for the second quarter (Q2) ended June 30, an increase of 6.4% compared to the same period a year ago. The 3rd largest telecom operator in Malaysia saw its revenue rising by 5.6% year-on-year to RM1,746 million, with its internet take-up growing to 4.3 million subscribers.  

Smartphone penetration among its 10.9 million customers also increased to 41.9% from 30.4% a year ago.

In view of a stronger earnings per share (EPS), DiGi announced that it will pay higher second interim tax exempt dividend of 6.4 sen per ordinary share, an increase of 33.3% compared to the same quarter last year.

"We've been persistent in driving quality experience on our brand new network, enhancing voice stability and ensuring effective data network management to give customers consistent and stable data speed, especially on commonly used mobile applications.

Additionally, we continued to expand our 3G HSPA+ coverage to 82.7% of populated areas, and grew our fibre network to 4,400km to bring quality internet connectivity to more users in more areas across the country.

We've invested RM193 million in capital expenditure during the quarter (Q1 2014: RM202 million) to grow and improve our network, and we're on track to spend up to RM900 million to continue strengthening our network position."

-  Henrik Clausen, Chief Executive Officer, DiGi

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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