M1 provides cellular mobile communications services to over one million customers in Singapore as well as offers international call services to both mobile and fixed line customers. Widely recognised as an innovative operator with an established brand, M1 aims to be the leader in personal voice and data communications, focusing on quality, customer service, innovation and value.

M1’s mobile services comprise a wide range of voice, non-voice and value-added services provided on its nationwide dual-band GSM900/1800 and W-CDMA networks. Customers may subscribe to M1’s services on a postpaid or prepaid basis by choosing from a variety of price plans. For international call services, M1 offers mobile and fixed line customers International Direct Dial services using the prefix 002 and 021, and International Calling Card service using the prefix 1818. M1 also sells international wholesale minutes to other international service providers.

In 2005, M1 achieved a net profit after tax of S$161.0 million, which was an increase of 4.6% over 2004’s S$153.9 million. Net profit margin on service revenue was 22.8%, while operating revenue grew 3.6% to S$773.8 million. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 13.5% to S$332.4 million, translating to an EBITDA margin on service revenue of 47.2%.

As at 31 December 2005, M1 had a total of about 1,246,000 mobile customers, comprising 809,000 postpaid customers and 436,000 prepaid customers. M1’s overall market share as at December 2005 was 29.3%¹. M1’s market share of postpaid customers was 29.5%¹ and that of prepaid was 28.8%¹.

In May, M1 successfully secured spectrum in the 2.5GHz band for deployment of Wireless Broadband Access (WBA) services in the spectrum auction conducted by the IDA. M1 is currently evaluating options for the roll-out of WBA services, which will complement our mobile service offerings.

¹ Based on published IDA statistics as at December 2005