Optus profits: Music, sport and video content key to customer growth

Optus reported record postpaid handset customer growth during the quarter

Allen Lew

Optus has delivered revenue growth of 5% year-on-year to $2,328m following its highest ever postpaid handset customer growth.

During the quarter, Optus reported record postpaid handset customer growth of 127,000. This was slightly offset by a 29,000 decline in prepaid customers.

The telco reported an increase of 65,000 NBN customers and higher NBN migration payments during the quarter. Optus now has 416,000 NBN broadband customers.

Allen Lew, Optus chief executive, said, “This is a pleasing result that demonstrates our continued focus on compelling content such as premium sports, National Geographic and free live streaming of music and video, and consistent network investment is really resonating with Australian consumers. Strong postpaid mobile customer growth for the quarter has also benefited from new premium handset releases and continued network expansion.”

Optus’s growing entertainment portfolio was enhanced through a partnership with the Seven Network, which gives eligible free data streaming of the 2018 Australian Open Tennis, the forthcoming 2018 Winter Olympic Games and the 2018 Gold Coast Commonwealth Games.

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