DiGi Allocates RM904 Million Capex For 2016

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KUALA LUMPUR, May 13 – Digi.com Bhd has allocated RM904 million for capital expenditure (capex) this year to improve its network and expand its coverage. Chief Executive Officer Albern Murthy said the telecommunication company spent RM171 million in the first quarter ended March 31, 2016.

In the meantime, he also said that Digi would focus on improving its long-term evolution (LTE) and LTE Advance network and increase its current coverage from 77 per cent in the first quarter of this year versus 33 per cent in the corresponding quarter last year. 

Meanwhile, Digi would also focus on the speed of the LTE roll-out, he told a press conference after the company’s annual general meeting here today. Murthy said the company would give priority towards expanding its subscriber-based and internet segments. On Digi performance this year, Murthy said, “It is going to be flat due to the challenging market environment.” 

Digi’s pre-tax profit fell to RM533.6 million in 1Q16 compared with RM626 million last year, while revenue declined to RM1.65 billion from RM1.79 billion previously. DiGi’s customers totalled 12.3 million, supported by a steady increase in active Internet customers of 7.9 million or 64.2 per cent of its total base, while 4G LTE customers stood at 2.9 million.

Postpaid service revenue registered a growth of 6.9 per cent year-on-year and 3.1 per cent quarter-on-quarter while postpaid subscriber base strengthened to 8.2 per cent year-on-year to 1.9 million customers. Its postpaid Internet subscribers grew to 1.5 million, representing 80.3 per cent of the company’s postpaid subscriber base and contributed RM207 million to revenue.

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