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DateLine Sunday, 24 February 2008

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Dialog Telekom's mobile revenue grows 24% to Rs. 31.13b in 2007

Dialog Telekom PLC (DT) announced an overview of its financial performance for the financial year ended December 31, 2007.

The Company's Mobile Business exhibited strong growth with Mobile Revenues growing by 24% YoY and totalling Rs 31.13 Bn. The Company's International Business segment continued to exhibit aggressive growth with Revenue Growth of 51% YoY and contributions of 12% and 6% to the Company's revenue and bottom lines.

The Company recorded a PAT of Rs.10.13 Bn. up 1 per cent relative to the year ended December 31, 2006. The Company's revenue potential was diluted by intermittent disruption of services in the Northern and Eastern provinces of Sri Lanka during the first half of 2007 and a reduction in tourist arrivals which in turn diluted International Roaming Revenues relative to their full potential.

It is surmised that performance of the revenue sources to their full potential would have had a significant impact on Revenue and PAT growth in 2007. The Company also experienced operational and direct cost expansion during the second half of 2007 largely arising from the macro-environment as well as from the application of aggressive focus on the roll-out of multiple new services and expansion of subscriber base.

The Company invested aggressively in network infrastructure during 2007 resulting in large scale expansion of its GSM and 3G/HSPA service coverage across the country.

The rapid and efficient deployment of investments extended strong support to a 37% growth in mobile subscribers and the extensive expansion of 3G/HSPA services to cover most key cities and towns in Sri Lanka.

Dialog's 3G/HSPA network now empowers communities in most provinces with high speed broadband and other 3rd Generation Services delivering manifold enhancement to the quality and capacity of telecommunications infrastructure services available to consumers in outlying regions of the country.

The Company also commissioned the first phase of its Fibre Optic Transmission network in the city of Colombo.

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