SingTel Reports 170k 3G Sales, Subsidies Digging Into Earnings
SingTel, the official iPhone carrier in Singapore, Australia, and the Philippines and India, has announced that they have sold 170,000 iPhones since they launched the handset in early July and late August in their respective countries. Not all the news is good, however. They’re claiming now that the heavy subsidies they’re providing are really starting to dig into their profits.
In Singapore, iPhone 3G activations reduced EBITDA by $27 million Singaporean dollars ($18 million USD) in Singapore, and $44 million Australian dollars ($30.8 million USD) in Australia. Nonetheless, they say they remain “confident” that their plan of “expanding and acquiring high value data-centric 3G subscribers is value accretive”.
[via Moco News]