EE to hit 14 million 4G target as BT deal nears

Comments Off on EE to hit 14 million 4G target as BT deal nears

EE — which is jointly owned by Germany’s Deutsche Telekom and France’s Orange as a consequence of the two businesses merging their UK operations five years ago — added 1.7 million 4G customers in the first three months of the year taking the total to 9.3 million.

That is a threefold rise in a year with 96% of new customers now opting for the faster 4G service.

Neal Milsom, chief financial officer of EE, said: “As much of the UK market now has smartphones, we are leading the charge into new growth areas by cross-selling our innovative range of connected products including 4G tablets, 4G wi-fi, fixed broadband and EETV to our existing customers.”

Revenues dipped 1.1% to £1.47 billion in the first quarter but if the effects of charge cuts ordered by regulators are taken out they were up marginally.

BT shareholders vote on the deal on Thursday.

Source Article from http://www.standard.co.uk/business/business-news/ee-to-hit-14-million-4g-target-as-bt-deal-nears-10206555.html

April 27, 2015 |
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