& cplSiteName &

LTE Push Helps 3 UK Reach Record Revenues

Light Reading
News Wire Feed
Light Reading
2/28/2014
50%
50%

LONDON -- Three has doubled its operating profit from £101 million to £207 million, with total revenue increasing by 5% to £2,044 million.

Three added 565,000 new customers in 2013, driven by a 12% increase in contract customers. Three now has 7.9 million active customers. Following the phased launch of its 4G network which started in December 2013 all of Three’s customers are now on a 4G tariff. Around 1.7 million customers are already using a 4G device and the seamless transition to 4G for Three’s customers is reflected in strong growth in 4G usage.

4G sites are already live in 36 large towns and cities including London, Birmingham, Manchester, Reading and Liverpool. Three is on track to have 4G live in 50 cities and over 200 towns by the end of the year and 4G will cover 98% of the population by the end of 2015. Dave Dyson, Chief Executive Officer, said: “In 2013 we challenged the market with a series of innovative initiatives - we abolished roaming charges in eleven countries, we launched a ground breaking pay-as-you-go tariff and we cemented our market leadership on data by continuing to strengthen our network and committing to give our customers 4G at no extra cost.

In 2014, we will continue to innovate and put customer needs at the heart of our decision making.”

Richard Woodward, Chief Financial Officer, said: “2013 saw Three become a bigger and more profitable business, driven by a focus on giving customers what they want.

“With revenue topping £2 billion, costs falling and operating profit doubling Three is delivering consistent, profitable growth in all areas.”

Three UK’s 2013 results were published in Hutchison Whampoa Limited’s 2013 annual report.

Three UK

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
5G & Industrial Automation: Creating the Factory of the Future
Gabriel Brown, Principal Analyst, Heavy Reading, 6/11/2018
Big Telcos Have Slashed 107K Jobs Since 2015
Iain Morris, News Editor, 6/11/2018
Comcast's Bid for Content, Growth & Whatever Comes Next
Phil Harvey, US News Editor, 6/13/2018
Ciena CTO Says No to Skynet, Advocates Adaptive Networks
Kelsey Kusterer Ziser, Editor, 6/14/2018
Animals with Phones
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed