Yes. The traffic light actually don't earn much from base subscription.
All telcos need to improve their ARPU. If the average ARPU don't increase, its not profitable. Simba now is around $9.37 per customer as compared to last year $9.19.
Telcos increases its ARPU by all its add-ons like VAS all these. That's where singtel dominates. They have the most VAS, the charge customers these add-ons as part of the plan.
One of the most Cash Cow VAS is caller-ID of $5/mth which they (traffic light) WILL not remove. Just do your calculations how much they earn from caller ID. Just go search how many sub they have times* $5/mth.
Simba just announced their financial results for the fiscal year 2023 this morning.
Can read more here
SIMBA Telecom’s Impressive Results: Growing Subscriber Base and ARPU, Fiber Broadband Launch in North East Corridor, October 2023
They have 819k subscribers now