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UK Based EE Sees Revenues Fall As Customer Growth Slows
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UK based mobile network, EE (formerly Everything Everywhere/Orange/T-Mobile) has announced that its fourth-quarter revenues fell by 2.8 percent to £1.67 billion. The company, jointly owned by Deutsche Telekom and France Telecom does not report profit figures.
Curiously, the company reported total revenues for the quarter, but not for the full year - preferring to only list the underlying service revenues, which fell by 2.6 percent.
The company also saw its customer base fall by 2.6 percent to 26.85 million as the company ate into its prepay customer base, which declined by just over 10% to 12.55 million.
The company added 201,000 net new postpaid customers in the fourth-quarter of 2012, which was down on the 313,000 customers add in Q4 2011.
As a result of the merger of the two mobile networks, the Network Optimisation programme completed the year on track with 2,659 sites were decommissioned, 39% of which occurred in Q4.
Looking ahead, the company warned of increasing competition and cautious customers, and further, if smaller, regulatory cuts.
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