M1's fixed-line segment revenue jumps 21%

Yields from the segment went up to $31.1m.

M1's net profit would have slumped lower than the 21% decline it recorded in the past quarter if it were not for its fixed-line segment.

According to DBS Group Research analyst Sachin Mittal, the growth in M1's fixed-line segment helped its revenue.

"Service revenue benefitted from the growth in the fixed-line segment’s revenue as well as stable mobile and IDD revenues," the analyst said.

The segment added around 8,000 subscribers in the past quarter whilst posting a 21% growth in revenue to $31.1m.
 

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