Slowly does it
Everything Everywhere has seen its revenues stand still, while increasing its customer base by almost 20 percent.
The firm, (a mash-up of Orange and T-Mobile) has maintained its revenues at £1,773m for Q3 of this year. Its consolidated figures showed top line revenue growth of 0.1 percent to £1773m, while underlying pre-regulation growth increased by 2.5 percent year-on-year.
Everything Everywhere said the number of its mobile customers who have a contract with T-Mobile or Orange has risen to 43 percent from 40 percent in Q3 2009.
It has also seen a hike in the number of people choosing smartphones, which now account for three quarters of its new contract joiners, up 38 percent year-on year. However, a recent YouGov survey has found UK iPhone users like Orange the least of all mobile operators.
Despite this, the company experienced strong consumer growth, with a 19.6 percent increase year-on-year in net additions, from 155,000 to 185,000 customers in the quarter. Its total contract base grew to 11.6m.
The blended company announced a ‘reorganisation' of its business in September which could see around 1,200 employees made redundant. But over the quarter, Orange said key moments included the launch of Orange's HD Voice service and joint network.
Tom Alexander, CEO of Everything Everywhere said: "The UK market remains highly competitive, but once we get through our period of transition, and we are able to leverage both our scale and joint networks, as well as realise the proposed synergies, we expect to see further progress on improving our financial position."
"Our aspiration remains to give people instant access to everything everywhere, and with over 1 million customers already signed up to our national roaming joint-network deal, launched only a few weeks ago, it's great to see our customers already embracing the benefits of the new company," he added.
