News Articles

Friday, July 27, 2012

Everything Everywhere says latest half-year results show 'solid commercial performance'

Everything Everywhere has published interim results for the first six months of this year.

Service revenue for the six-month period until the end of June 2012 was £2,989 million. That’s a 1.8% drop year-on-year, although removing the effect of Ofcom’s mobile termination rate cuts would show a 3.1% increase.

Image

The Orange and T-Mobile ‘pay monthly’ customer base increased by 150,000 people in the second quarter of 2012, which is 36% down year-on-year. However, the number of prepaid customers fell by 313,000. This means the proportion of customers on post-paid contracts has increased to 50%, up from 46% in Q2 2011. .

72% of ‘pay monthly’ Everything Everywhere customers now have a smartphone, with 91% of new postpaid customers selecting smartphones.

Olaf Swantee, Chief Executive Officer of Everything Everywhere, said “In the first half, we delivered a solid commercial performance, with good underlying revenue growth. We are making strong progress integrating the legacy Orange and T-Mobile businesses to create cost efficiencies and deliver planned synergy targets, while investing in significant network upgrades to further improve our customer experience.”

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

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

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

Archive Calendar

«March 2024»
MonTueWedThuFriSatSun
26272829123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive

Terms Of Use | Privacy Statement