News Articles

Friday, July 26, 2013

EE releases half-year financial results

Says it's still on course to exceed one million UK 4G customers this year

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.”

[Presentation (pdf)]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Networks and operators, NewsNumber of views: 782

Tags: uk4gee

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2016»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement