Malaysia based telco, Maxis Berhad has reported that its third-quarter revenues increased 2% quarter-on-quarter to RM2.16 billion (US$630 million). The increase in revenue was primarily due to a 3% increase in total mobile subscriptions, bringing the Company's total subscriptions to 11.7 million.

The EBITDA increased by 1% quarter-on-quarter to RM1.1 billion. Net profit increased by 4% quarter-on-quarter to RM615 million (US$179 million).

"Our investments over the last few quarters in modernising our 3G network are beginning to pay off. By the end of this year we are well on course towards accomplishing our plans to have a full HSPA 3G network in preparation for our ambitions in broadband." said Sandip Das, Maxis' chief executive officer.

Postpaid and prepaid ARPU remained stable at RM103 and RM41 respectively. Postpaid Minutes of Use (MOU) per subscription was maintained at 373 minutes, while prepaid MOU per subscription went up 4 minutes to 119 minutes.

Non-voice revenue increased by 8% quarter-on-quarter to RM663 million due to an increase in SMS and advanced data services revenue.

The CAPEX spend amounted to RM291 million in the third quarter of the year. A significant portion of CAPEX was spent on the roll-out of network infrastructure, as 1,191 more sites were built this quarter to enhance coverage for customers. There were also significant network swap activities for improved quality of coverage.

Continued chief executive officer Sandip Das, "Going forward, we are confident that Malaysian telecom revenues will continue to grow as we are at the inflection point of broadband growth. Penetration levels and data usage will also prop revenues predominantly with a growing young population. Maxis performance has turned around steadily since Q2 2009 and it augurs well for us."