DiGi records solid growth and strengthens internet foothold in 2011
Poised for stronger delivery of 'Internet For All' mission
SHAH ALAM, 19 JANUARY 2011: Steady mobile data revenue growth fuelled DiGi.Com Berhad to a strong finish in 2011, with mobile data revenues exceeding 30% of the Group's overall service revenues in the fourth quarter of 2011.
The Group sustained top line growth across 2011 with revenue for the year improving by 10.3% to RM6.0 billion, while EBITDA was RM2.8 billion, at a margin of 46.4%.
Revenue growth for the year was driven by an enlarged customer base of 9.9 million, higher voice traffic and data usage, and increased take-up of bundled offerings of smartphones and devices.
DiGi's Chief Executive Officer Henrik Clausen said, "Our Internet for All proposition continues to spur mobile data usage driven by new data-light and tablet plans, an attractive device portfolio, and re-energised and expanded customer touch-points. We are pleased to be gaining good traction as the smarter choice for mobile internet, as seen from increased data penetration amongst our customers. We now have 5.2 million active mobile internet users."
For the year under review, DiGi stepped up its capex investment to RM610 million from the projected RM550 million to accelerate site roll-outs and increase capacity. DiGi also grew operating cashflow to RM2.2 billion.
"As part of our commitment to continue delivering best-in-class mobile internet services, we have started putting in place a brand-new, LTE-ready network which will enable us to continue delivering a robust mobile internet usage experience at fibre-like speeds to more Malaysians. In addition, we remain committed to exploring industry collaboration aimed at further reducing network operating costs, and to drive improvements in our network quality and coverage," Clausen added.
DiGi will pay a fourth interim tax exempt dividend of 6.5 sen per ordinary share for the financial year ended 31 December 2011.
Corporate Communications Department.