Integration & synergy targets met, network modernisation efforts ahead of schedule Service revenue rose 0.4% Y-Y, with 4Q FY2023 revenue up 0.9% across core segments CelcomDigi Bhd (CelcomDigi) has announced its fourth quarter and full year results for the financial year 2023 marking a solid first year of operations as a merged company.
By Digital News Asia February 20, 2024Service revenue rose 0.4% Y-Y, with 4Q FY2023 revenue up 0.9% across core segments
Additionally, its 4G LTE and 4G LTE+ network coverage grew to 97% and 91% of populated areas nationwide, respectively, in line with its commitment to deliver the widest and fastest 4G network in the country. “It will be an exciting year for CelcomDigi as we move deeper into our integration efforts and strengthen our market leadership by being a brand that Malaysians can trust and rely on in the age of ‘digital-everything’. On a personal note, it has been a privilege for me and the management team to bring two amazing teams together in our first-year post-merger.
In Dec, CelcomDigi pledged its intent to set near and long-term company-wide emission reductions in line with science-based net-zero with the Science Based Targets initiative. This aligns with its broader ESG ambitions to operate a sustainable and responsible business for the long-term.FY2023 Service revenue grew 0.4% Y-Y to RM10,859 million. 4Q FY2023 Service revenue rose 0.9% Q-Q to RM2,737 million from growth across all core segments, particularly in Postpaid, Wholesale and Home Fibre.
· Home Fibre revenue grew 27.2% Y-Y to RM173 million and 4.4% Q-Q to RM47 million for FY2023 and 4Q FY2023 respectively, benefiting from expanded product offerings and affordable fibre plans, attracting more customers with net additions of 30,000 subscribers.