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EE Reports Lower Quarterly Revenues Despite Higher Spending Customers

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UK based mobile network, EE has reported a slight fall in its first quarter revenues despite signing up more higher spending 4G subscribers.

The company -- which is jointly owned by Deutsche Telekom and Orange -- reported that its revenue fell by 3.6 percent to £1.55 billion, although it noted that half that decline was due to regulatory cuts.

The decline in overall revenues came despite a rise in ARPU of 2.2 percent, thanks mostly to adding 889,000 net new LTE users.

The company is economical in providing information about its other business metrics, but one chart showed a noticable reduction in contract customer growth compared to a year ago.

EE did not release any details about its prepay customer base. It is presumed that the base shrank, in order to account for the overall decline in revenues.

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Tags: ee  UK