Dividend Increase
The Board of Directors approved a 15% increase in the quarterly dividend, raising it to $0.275 per share, reflecting confidence in the company's cash flow strength.
Broadband Expansion
Expansion of broadband homes passed by high-speed data services by 8% and growth of high-speed subscriber base by 1% year-over-year.
Positive Momentum in International Segment
Postpaid mobile subscribers grew by 4% year-over-year, and the number of customers purchasing data plans rose by 25% year-over-year. Mobile churn rates declined by more than 5% for the second quarter in a row.
Increased Cash Flow
Net cash from operations rose 2% to approximately $60 million, driven by working capital improvements.
Government-Backed Infrastructure Initiatives
Over $300 million in broadband infrastructure initiatives backed by government funding, with more than half slated for completion in 2025.