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Wednesday, July 27, 2011

Everything Everywhere reports record smartphone sales and data revenue

Everything EverywhereEverything Everywhere has published its second quarter and first-half results for 2011. The one-year-old company, which is responsible for Orange and T-Mobile in the UK, has seen turnover and mobile service revenue both drop slightly year-on-year, although mobile service revenue was up when the effects of regulation were excluded.

Contract churn is now down to 1.1%, with 67% of contract customers on 24-month contracts. The contract customer base is up but the prepay base is down, leaving the group with 26.8 million mobile customers.

Everything Everywhere says it’s been the biggest-ever quarter of smartphone sales at the company, with 85% of new contract customers choosing smartphones. Non-voice (data) revenue accounted for 39% of total revenue in the quarter, up from 36% in Q2 2010.

Tom Alexander, the soon-departing Chief Executive Officer of Everything Everywhere, said “The first half of 2011 was a period of good progress for Everything Everywhere. Leveraging our unique strengths and market leadership, we are delivering on our strategic plan set out in September 2010 and are ahead of plan with our synergy capture. We are investing in building the best network experience for our customers and in creating platforms for growth.”

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Author: The Fonecast
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