Hong Kong operator PCCW saw its revenues and EBITDA rise slightly in the six months ended 30 June 2007. Core revenues (excluding Pacific Century Premium Developments (PCPD)) went up 7 percent to HKD 9.51 billion, from HKD 8.85 billion in the year-ago period, but including PCPD the revenues declined 18 percent year-on-year to HKD 11.61 billion. Core EBITDA increased by 4 percent to HKD 3.07 billion, versus HKD 2.94 billion, as the results of TV & Content and Mobile improved significantly. Profit went up 3 percent to HKD 822 million, from HKD 796 million, and basic earnings per share increased by 3 percent to HKD 0.1216. The board of directors has declared an interim dividend of HKD 0.065 per share for the six month-period.
Revenues for Telecom Services went up 4 percent to HKD 7.71 billion as international telecommunications and local data services revenues grew at a healthy pace while local telephony and other services revenues remained stable. The TV and Content business grew its revenues 42 percent to HKD 71 million. At the end of June, the now TV installed base hit 818,000, up by 35 percent from a year earlier, while the paying base reached 560,000. ARPU climbed a further 19 percent from December 2006 to HKD 166 per month. Mobile revenues rose 14 percent to HKD 668 million, reflecting contribution from a growing 3G subscriber base with a higher ARPU.
PCCW ended June with 2.59 million exchange lines in service and 1.17 million broadband customers. The number of residential subscribers went up 6 percent to 1 million while the number of business subscribers rose 5 percent to 104,000. PCCW also had 117,000 narrowband customers. The number of mobile subscribers rose 4 percent to 957,000 of which 119,000 are 3G customers.
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