Originally Posted by wilt:
“However, considering that Three are now turning an annual profit, have found their marketing 'niche', are growing quickly, and has the prospect of grabbing some decent 800Mhz spectrum in the near future, then it makes absolutely no sense for HWL to sell at this stage.”
Er - how many of the 9 years they have been in business have they turned a profit and how does that compare to the investment made to obtain it?
A prospect of grabbing some 850MHz spectrum (or 2600MHz maybe, or EE's surplus 1800MHz?), all are going to require further investment and meanwhile the others have spectrum to refarm. Not a great gamble really when as a company you have 1/3rd of the customers of the others and about 20% of those are 'dissatisfied' compared with 1/2 that volume who state the same about the competition.
EE's move on 1800MHz LTE could be the thing that makes HWL think seriously about how they can salvege something from their UK 3G folly.
Ofcom supported 3 for years as a new disruptive entrant. Now with EE things have changed. They are powerful and compete with two other hard competiors, the disruption is now happening between the big three and the 1800MHz move by EE questions the need for a fourth disruptor. Just an opinion but I think recent developments have changed the market from what it was in the last few years.