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3 triples profits adding 697,000 customers in a year


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Old 01-08-2013, 20:07
Thine Wonk
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3 UK, the mobile network, has more than tripled its profits after adding 697,000 customers in a year.

Operating profits at 3, which is owned by Hong Kong conglomerate Hutchison Whampoa, rose to 86m in the first six months of 2013, up from 26m in the same period last year.

New subscribers willing to sign contracts for top-of-the-range smartphones helped boost the company's revenues 9% year on year, reaching a first half total of 1bn for the first time since the network's launch in 2003.

3's service revenue, from bills for calls, text and internet use, has remained flat at 667m for the first half of the year, but its handset revenues grew 30% to 321m.
http://www.theguardian.com/business/...riples-profits

I think 3-2-1 and The One Plan at 15 and free LTE will attract more customers in the coming months.
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Old 01-08-2013, 23:34
Zee_Bukhari
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So they have gained 700,000 customers so far this year? Didn't they grow by 1.2 million last year?
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Old 01-08-2013, 23:42
jabbamk1
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So they have gained 700,000 customers so far this year? Didn't they grow by 1.2 million last year?
No, they gained 700k in the last year.

it's more around 250k since Jan 2013.
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Old 02-08-2013, 07:35
Thine Wonk
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However Q4 this year is going to be big I think, and just the in the last few weeks there seems to have been a lot of buzz with their new tariffs so I think we could see a rise again in Q3 and Q4.
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Old 02-08-2013, 07:46
jabbamk1
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However Q4 this year is going to be big I think, and just the in the last few weeks there seems to have been a lot of buzz with their new tariffs so I think we could see a rise again in Q3 and Q4.
321, one plan and free 4G will be the reasons.
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Old 02-08-2013, 08:28
megaresp
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3 triples profits adding 697,000 customers...
I'm not surprised and confess to a certain amount of pleasure at reading this.

I left Orange for Three's One Plan. 6 weeks later my wife left T-Mobile for the same reason. She actually bought out the remaining 4 months of her contract so she could get access to Three's unlimited data and a 'free' iPhone 5.

We're now paying slightly less per month for our mobiles with unlimited data and tethering than we were in our old place for a BT line, 2 mobiles with the usual pathetic data allocations, and ADSL Internet.

My guess is at least one of the other providers will match Three's data offering sooner or later. Hopefully sooner.
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