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Tuesday, April 23, 2013

EE quarterly results show 318,000 4G customers in the UK

Quarterly results from EE show that 318,000 customers (2.3% of EE’s post-paid customer base) have signed up for the network’s 4G service in the first five months. It says this means it’s on track to have more than one million 4G customers by the end of 2013.

53% of EE, Orange and T-Mobile customers in the UK are now on ‘pay monthly’ tariffs - up from 49% for the same quarter last year. Around 166,000 new ‘pay monthly’ customers joined in the quarter. However, it's been reported that 571,000 prepay customers left, resulting in the overall total dropping to 26.44 million customers

Service revenue was down 5.4% year-on-year to £1.42 billion, although excluding Mobile Termination Rate and roaming cuts from this figure results in a smaller decrease of 0.4%.

Neal Milsom, Chief Financial Officer of EE, said “Today’s results are in-line with our expectations, and we are making good progress focusing on high value segments. We’re announcing 318,000 4G customers after just five months of trading, strong postpaid net adds and continued growth in our underlying average revenue per user. We expect to strengthen our industry leadership position in the year ahead as the 4G roll out continues and we introduce double-speed 4GEE.”

[Presentation (pdf)]

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Author: The Fonecast
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