Hutchison Telecommunications Hong Kong Holdings (HTHKH) grew its 2015 profit by 10% to HK$915 million ($117.6 million) on the back of strong mobile growth.
Consolidated revenue increased by 35% to HK$22.04 million, driven by a 46% increase in mobile revenue to HK$12.63 billion. Mobile hardware sales also surged 80% to HK$14.31 billion.
Fixed line revenue by contrast declined 3% to HK$3.97 billion, but HTHKH managed to maintain its fixed line ebitda margin at 32% due to an ongoing push to improve operational efficiency and focus on high-margin service offerings.
The operator made progress constructing a TD-LTE network to accompany its existing FDD LTE infrastructure, and now aims to launch the network in the second half of 2016.
HTHKH is also enhancing its indoor LTE coverage by refarming part of its existing 900-MHz spectrum for 4G services.
Looking ahead to the current year, HTHKH said in a market update that it “anticipates a strong need for sophisticated and advanced telecoms network solutions to meet customer demand in the carrier, corporate and business markets.”
The operator plans to continue focusing on enhancing residential coverage and expanding the reach of its Wi-Fi network to adapt to changing customer demands.
HKHTH is a subsidiary of CK Hutchison Holdings, which was formed last year via the merger of Cheung Kong Holdings with associate Hutchison Whampoa