MVNO TrueMove H added 678,000 subscribers during Q213Written by Allan T. Rasmussen
The group’s revenue in second quarter of 2013 grew 10.6% year-on-year to THB 8.5 billion driven mainly by the growth of True’s MVNO/Reseller division “TrueMove H” subscriber base, while non-voice usage continued its strong growth.
Quarter-over-quarter, revenue declined 0.3% offset by seasonal declines in voice usage mainly from TrueMove’s prepaid segment.
True Mobile Group’s postpaid revenue grew 4.0% quarter-over-quarter, 38.6% year-on-year to THB 4.5 billion as the MVNO, TrueMove H continued to gain high-value postpaid customers.
Prepaid revenue declined 5.3% quarter-over-quarter, 13.8% year-on-year to THB 3.3 billion due to lower voice revenue from TrueMove’s prepaid customers, despite rising data usage among TrueMove H’s prepaid customers.
Non-voice revenue rose 5.1% quarter-over-quarter, 50.5% Year-on-year to THB 3.3 billion mainly on rising mobile Internet usage. Contribution from non-voice revenue to service revenue increased to 37.5% in 2Q13 from 35.6% in 1Q13 and 27.6% in 2Q12.
TrueMove H’s blended ARPU was THB 467 in 2Q13, declining from THB 491 in 1Q13 as its subscriber base was expanded beyond early 3G/ smartphone adopters to include lower tier customers while the proportion of prepaid subscribers also increased.
Product sales grew 26.5% year-on-year to THB 3.4 billion from rising popularity of smartphones (i.e. iPhone, Samsung) but declined 16.2% quarter-over-quarter mainly due to lower momentum of iPhone 5. During the quarter, TrueMove H launched two True branded smartphones and one tablet (True Beyond). More device-bundling packages as well as a wide range of content and applications were introduced.
Cash OPEX rose 13.7% quarter-over-quarter, 27.0% year-on-year to THB 6.4 billion driven mainly by higher selling and advertising expenses. Expenses related to network expansion also contributed to the year-on-year increase in OPEX.
EBITDA increased 4.4% year-on-year in line with rising revenue but declined 25.1% quarter-over-quarter to THB 1.2 billion from the significant increase in cash OPEX.
From 0 to 60 in 10 years
Congratulation, and a warm welcome to Data in Motion, on becoming the 60th member of the ever growing group of big and small, local and international companies, who have obtained a license to operate MVNO in Thailand.
MVNO license number 58 in Thailand
Thailand’s telecom regulator NBTC has issued one more MVNO license, bringing the total of issued MVNO licenses to 58 since the introduction of MVNO in Thailand.
MVNA MVNE One Development awarded MVNA license in Thailand
Mobile Virtual Network Aggregator and Enabler MVNA/ MVNE One Development (Thailand) Co., Ltd., has been awarded a Type 1 telecoms license for Mobile Virtual Network Aggregator (MVNA) services in Thailand, by the telecom regulator NBTC.
Two more MVNO licenses issued in Thailand
NBTC has issued two more MVNO licenses, bringing the total of issued MVNO licenses to 57 since the introduction of MVNO in Thailand eight years ago. Nine have launched - six remains more or less active.
50 MVNO licenses issued in Thailand
Thailand’s National Broadcasting and Telecommunications Commission (NBTC) has now issued 50 MVNO licenses since the introduction of MVNO seven years ago.