SingTel has reported that its Australian subsidiary, Optus, has achieved an operating revenue of $9.37 billion, up 1 per cent, and an EBITDA of $2.36 billion, up 2 per cent for the full year to 31 March 2012. Net profit for the year was up 2 per cent to $787 million.

It was 20 years ago on November 19, 1991, when Optus was granted its carrier licence. Since then, the telecommunications company has survived many ups and downs.

Optus and parent company SingTel (ASX:SGT) have together secured credit facilities with international banks totalling S$3.7 billion ($2.58 billion).

Ericsson has demonstrated HSPA (High-Speed Packet Access) with download speeds up to 168M bps (bits per second) and 24M bps on the uplink, the company said on Monday.

Optus has posted its strongest quarterly earnings growth in five years as it continues to attract mobile customers away from its competitors.

Singtel-owned telco Optus is provide telecommunications and managed networks service to the ANZ bank under a new $500 million, five year contract.