During the second quarter, mobile subscribers increased by 659K to 51.1 million, registering a growth of 1.3% from the previous quarter. 5G subscribers reached 8.3 million, increasing by 32.0% from Q123 with continued improvement in usage and ARPU uplift of 10-15% mainly driven by device bundling. At the end of Q223, True’s 4G population coverage reached 99% while 5G population coverage reached 90%.”
The macroeconomic situation continues to remain favorable with the ongoing return of tourists and migrants boosting economic recovery, along with lower inflation rates and reduced energy tariffs compared to the previous quarter. The intensity of competition in the ICT industry remained stable in the second quarter, with the reduction of discounted offers and increased focus on providing value propositions for customers by providing lifestyle benefits. True Corporation will remain…
