Telecom earnings dip but Xtra up

Telecom has reported net earnings of $301 million for the half-year to the end of December 2002, a drop of 3.5% on the same period the year before.

Telecom has reported net earnings of $301 million for the half-year to the end of December 2002, a drop of 3.5% on the same period the year before. However, broadband and wireless business units report strong growth.

Xtra business was up, with internet revenue growing by 32.7%; the country's biggest ISP is claiming 408,000 active dial-up customers, up 21.8% on the previous corresponding period.

Telecom JetStream customers now number 54,000, more than twice as many as a year ago, the company claims. Revenue from ADSL products, which includes JetStream as well as the IP.Networking business services, increased by 78.6%.

Average revenue per user (ARPU) in the mobile sector increased by over 6% to $46.40 a user a month, an increase which Telecom puts down to its focus on "higher-value customers" such as mobile data users.

Telecom's mobile data service, Mobile JetStream (prefixed with 027), has 28,000 users while the 027 network overall has 241,000 subscribers. Revenue from those customers has risen by 225%. 027 customers represent about 20% of Telecom's mobile phone user base, the remainder continuing to use the 025 network.

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