‘DIGI TO CONTINUE POSTPAID PUSH’
Strong network leads to 63.1 per cent growth in 4G LTE subscribers to 4.7 million
KUALA LUMPUR firstname.lastname@example.org
DIGI.COM Bhd will continue to strengthen its postpaid business that contributes 35 per cent to its revenue by leveraging its network position. Its chief financial officer Karl Erik Broten said Digi’s 4G long-term evolution (LTE) covers 85 per cent of population nationwide while 4G+ LTE-Advanced (LTEA) 42 per cent, supported by 7,700km of fibre network.
He said the accessibility has led to a 63.1 per cent growth in 4G LTE subscribers to 4.7 million, using 1.3 times more data on Digi’s network, from a year ago.
“We are already growing 12 per cent year-on-year on postpaid, and this is moving every quarter. A year before, postpaid contributed to about 30 per cent to the revenue.
“With the strong network that we have, and the digital solutions that we offering to our customers, there is no reason why we should not achieve our fair share of postpaid customers.
“That is why we are continuing to push our postpaid business because we see that it is more value for money for customers, with our good network.
“We will continue to be aggressive on postpaid while defending our market share for prepaid,” he said after Digi’s annual general meeting, here, yesterday.
Digi previously announced 13 per cent of capital expenditure (capex) spending, the bulk of it to be used to expand its LTE and LTEA coverage and the digital transformation.
Based on the ratio to service revenue, Digi is expected to spend the same level of capex it spent last year, which is around RM780 million.
Meanwhile, Digi chief executive officer Albern Murty said 2016 was a year of strong execution for the company.
“Customers are increasingly recognising the quality of our 4G+ network, Internet and digital services, benefiting from the significant investments in 4G LTE, 4G+ fibre and digitisation efforts we have made over the year.
“This has led to strong growth in data usage across our customer base.
“Looking forward, the Internet and smart devices will become an even bigger part of our customers’ everyday life and our commitment as their digital partner is to continue investing to deliver quality service excellence, and innovations in digital content and services,” he said.