Pure BOP play in Sri Lanka increases EBITDA by 52.5%

Rohan Samarajiva — Wed, 19 Mar 2008 09:18:18 +0000

At last report, Hutch Sri Lanka had an ARPU of around USD 3.

Sri Lanka Hutch subscribers double in 2007 – LANKA BUSINESS ONLINE

Subscribers of the Sri Lanka mobile unit of Hutchison Telecom doubled to more than a million in 2007, while revenue growth topped 50 percent, the group said in a statement.

Total subscribers had increased by 104 percent to 1,141,000 in 2007 while revenue measured in Hong Kong dollars grew 52.4 percent 189 million dollars (2.6 billion Sri Lanka rupees).

“Our Sri Lankan operations performed well in 2007 fuelled by our continued network expansion during the year and a series of efforts to enhance our sales and distribution network in the country,” the company said.

The company said earnings before interest tax depreciation and amortization was 52.5 percent higher at 93 million dollars compared with 61 million dollars a year earlier.

Hutch on an aggressive growth path in Sri Lanka

Rohan Samarajiva — Thu, 04 Oct 2007 07:44:24 +0000

Hutch entered the Sri Lanka telecom market in 1998. Due to various reasons, the entry was not as successful as many expected, and it quietly settled into last place.

But a sea change has occurred recently, with the BOI reporting that Hutch is just behind Dialog in investments in the telecom sector. The results are beginning to show, with rapid growth (below); innovation (they were the first to introduce mobile financial transfers between two Hutch customers; Me2U); and more than respectable EBITDAs. Living proof that there is a fortune to be made at the bottom of the pyramid.

LANKA BUSINESS ONLINE – LBO

The Sri Lanka unit of Hutchison Telecom has passed one million users and the firm is planning to the double the size of its network over the next year, the company said.

LIRNEasia » Hutchison Telecom

Pure BOP play in Sri Lanka increases EBITDA by 52.5%

Hutch on an aggressive growth path in Sri Lanka