EE (Everything Everywhere Ltd) has released its second-quarter and half-year results for 2013.
Service revenue during Q2 2013 fell by 4.4% year-on-year, although the company points out that the figure would have remained stable without roaming and mobile termination rate cuts. Turnover for the quarter was down 2.3% year-on-year. Total service revenue for the first six months of 2013 was £2.84 billion, while turnover for the same period was £3.21 billion.
There are now 677,000 customers with 4G tariffs, which - according to EE - means it’s on track to exceed its target of one million 4G customers by the end of the year. It’s also just added ten more towns to its 4G coverage list, bringing service to 95 towns and cities across the country.
Olaf Swantee, Chief Executive Officer of EE, said “Today’s results demonstrate our success in building our new brand and differentiating our network to drive commercial momentum while continuing to deliver cost savings to increase our margin performance. We’ve doubled the rate at which we’re adding 4G customers and doubled our 4G speeds across 15 cities to deliver the world’s fastest network for our customers – indoors, outdoors and on key commuter routes.”