Asian Pay Television Trust
APTTF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Somnath Adak
- Full Time Employees
- 898
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- 150 Beach Road Singapore Singapore 189720
- IPO Date
- Sep 4, 2013
- Website
- aptt.sg
- Similar Companies
- Business
- Asian Pay Television Trust (APTT) is a Singapore-based business trust that acquires controlling interests in and owns, operates, and maintains mature, cash-generative pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore. Its sole asset is Taiwan Broadband Communications Group (TBC), established in 1999, which operates an advanced hybrid fibre coaxial cable network covering more than 1.3 million homes in five closely clustered franchise areas in northern and central Taiwan; through this network, TBC delivers basic cable TV services with access to over 100 channels, premium digital TV packages including bundled DVR services with over 161 local and international channels, high-speed fixed-line broadband access packages up to 1 Gbps, and sells electronic programme guide data to other system operators. APTT generates revenue from TBC's monthly subscription fees, non-subscription sources such as channel leasing to third parties (primarily home shopping networks), airtime advertising sales, set-top box installations, data backhaul services to mobile operators, and broadband installations. APTT was constituted on April 30, 2013, under Singapore's Business Trusts Act and listed on the Main Board of the Singapore Exchange on May 29, 2013; it is managed by APTT Management Pte. Limited, a wholly owned subsidiary of Dynami Vision Pte. Ltd., which is ultimately owned by Lu Fang-Ming. The trust serves residential and business subscribers in Taiwan's pay-TV and broadband sectors, with approximately 1.33 million revenue generating units (RGUs) as of mid-2024, including around 637,000 basic cable TV, 337,000 premium digital TV, and 358,000 broadband RGUs. In recent developments, APTT reported continued broadband subscriber growth, adding approximately 10,000 new broadband RGUs in the quarter ended June 30, 2024—the highest increase in the past 10 quarters—driving broadband revenue up 4.7% in Singapore dollars and 8.8% in constant New Taiwan dollars, now representing nearly 42% of basic cable TV revenue. The trustee-manager executed net debt repayments of $26 million in the first half of 2024, with full-year 2024 repayments expected at approximately $40 million, alongside refinancing discussions for onshore and offshore facilities aimed at lowering debt costs by mid-2025; approximately 90% of onshore facilities (83% of total debt) are hedged against interest rate rises through June 30, 2025. In July 2024, APTT undertook significant leadership changes, including the appointment of a new Chief Executive Officer (Somnath Adak), Financial Controller, Lead Independent Director, and Independent Directors, alongside the cessation of the prior CEO, CFO, and several board members. Lu Fang-Ming, non-executive director and vice-chair of the trustee-manager, increased his interest through unit acquisitions in April, May, and June 2024. In November 2024, APTT announced key financial information and business updates for the quarter and nine months ended September 30, 2024, reaffirming its full-year 2024 distribution guidance at 1.05 Singapore cents per unit.