M1 lost 41,000 pre-paid subscribers in Q3

This pulled pre-paid mobile revenue down by 13.2% YoY.

During M1's results announcement, the telco said it lost 41,000 pre-paid subscribers after cleaning up its subscriber base in Q3.

According to UOB Kay Hian, M1 purged 14,000 post-paid and 47,000 pre-paid dormant subscribers in the quarter.

After the cleanup, the telco was still able to have 5,000 users sign up for their post-paid services. However, it differed for their pre-paid subscriber base, which contracted 3.4% YoY.

Post-paid mobile revenue rose by 5.4% but pre-paid mobile revenue fell by 13.2%.

For Q3, post-paid average revenue per user (ARPU) hit $55.40, whilst pre-paid revenue reached $10.80.

Amongst M1's post-paid subscribers, the share of users on tiered data plans grew from 76% last year to 80% this year. About 33% exceeded their data bundles, compared to 26% last year.

Average data usage also rose 23% YoY to 4.2GB, thanks to a boost from Upsized Data.

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