Optus says its third-quarter underlying profit fell 18.5 per cent to $140 million amid stiff data price competition and as more customers adopted SIM-only mobile plans.
The Singtel-owned mobile phone network operator says its operating revenue for the three months to December 31 was down 1.1 per cent to $2.39 billion compared with the same period a year ago.
Its revenue from consumer mobile phone sales dropped 16.7 per cent to $528 million, even as Optus added 220,000 new mobile customers.
“This has been a transitional quarter as we adjust to increasing customer demand for SIM-only plans,” chief executive Allen Lew said on Thursday.
“We have listened to Australians and introduced our new differentiated Optus Choice and Optus One plans that provide customers with the flexibility to personalise their plan features and pricing.”
The company said it had 400 5G sites switched on by the end of December and was targeting activating 1,000 5G sites by March.