Originally Posted by japaul:
“Latest quarterly results for EE.
EE results for the quarter ending March 2015 (2015 Jan-Mar). Comparatives are with the previous quarter (2014 Oct-Dec) and the same quarter a year ago (2014 Jan-Mar).
Mobile service revenue: £1363m (2014 Oct-Dec: £1415m, 2014 Jan-Mar: £1387m)
Mobile Customers - Total: 24.334m (2014 Dec: 24.476m, 2014 Mar: 24.576m)
Mobile Customers - Contract: 14.954m (2014 Dec: 14.901m, 2014 Mar: 14.473m)
Mobile Customers - Prepaid: 9.380m (2014 Dec: 9.575m, 2014 Mar: 10.103m)
4G Customers: 9.345m (2014 Dec: 7.664m, 2014 Mar: 2.885m)
4G Outdoor Population Coverage: 87% (Double speed 67%).”
Cheers Japaul.
Now that T-Mo and Orange have been axed it's clear that the majority of customers joining/upgrading will go straight to EE and that's shown with the latest numbers that says 1.68m customers joined/upraded to EE whilst only 0.07m joind or upgraded to a T-Mobile/Orange plan. Next quarter will be the one where that T-Mo/Orange number drops to zero.
So it makes sense that EE now have a very much reachable target of 14 million 4G customers by the end of the year and one that I have no doubt they'll exceed.
4G coverage is coming along nicely and is very close to 90%. The next 10% will be very tough and it'll be good to see how much effort they put in this year to get over 90%+.
Nice to see revenue holding. It's only the drop in prepay revenue that has impacting total revenue, everything else is up.