PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 77.18
Bid: 77.30
Ask: 77.34
Change: -0.34 (-0.44%)
Spread: 0.04 (0.052%)
Open: 77.76
High: 78.74
Low: 77.02
Prev. Close: 77.52
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

RPT-UPDATE 1-Mobile group EE gets some revenue boost from 4G users

Tue, 19th Feb 2013 15:16

* Sees 10 percent revenue uplift among 4G users

* Adds 201,000 contract users in Q4

* Says 4G roll out on track

By Paul Sandle

LONDON, Feb 19 (Reuters) - Mobile phone company EE, whichlaunched Britain's first 4G services in October, said on Tuesdayit had seen a revenue uplift from early adopters but did notreveal how many customers had signed up for the faster, moreexpensive, network.

The company, Britain's biggest mobile operator, saidcustomers on its new super fast 4G network were spending 10percent more on average by making video calls and consuming moredata.

"When you look at the early customers migrating from (3Gbrands) Orange and T-Mobile to EE we are seeing a 10 percentARPU (average revenue per user) increase," Chief Executive OlafSwantee said.

He would not reveal 4G subscriber numbers because rivals arepreparing to launch their own services later this year.

"I can say our plan is on track, we are very pleased withthe progress we are making," he said.

EE, a joint venture between France Telecom andDeutsche Telekom, was given the go-ahead byregulators last year to reuse its existing airwaves for 4G,giving it a head start on rivals.

Telecoms regulator Ofcom is auctioning more 4G airwaves atthe moment, which will enable Vodafone, O2 andThree to launch 4G services from the middle of 2013.

The new networks offer speeds around five times faster than3G, and deliver additional capacity for smartphones to accesscontent like video and music.

Analysts at telecoms consultancy Ovum said the lack ofdetails on 4G customer numbers was telling.

"If customer uptake was far ahead of expectation, then wewould hear about it," analyst Steven Hartley said.

"We therefore have to conclude that uptake has not beenspectacular. That doesn't make it a disaster, just notnecessarily fully optimising its monopoly position."

EE, which has 27 million customers, added 201,000 netcontract subscribers in the fourth quarter, a slowdown from250,000 in the third quarter. The company gave no breakdown ofhow many were 4G subscribers.

But Swantee said customers were switching to 4G when theyupgraded their smartphones, typically after two years.

"In total for the second half we had 1.9 million upgrades,so that's where most (4G) activity is happening," he said."Clearly also a part of the net adds are customers coming to4G."

Swantee said 4G was available in 18 cities, covering 43percent of the population at the end of 2012, 10 percentagepoints ahead of its plan.

The group, which introduced the EE brand for its new servicealongside its existing Orange and T-Mobile offers, priced its 4Gtariff 10-20 percent higher than equivalent 3G plans.

It was also seeing good demand for faster data connectionsfrom corporate customers, a business segment where EE previouslytrailed rivals, Swantee said.

"The B2B uptake on 4G is very strong," he said. "We havealready over a 1,000 corporate customers using 4G in variousdegrees."

EE, previously called Everything Everywhere, postedfull-year adjusted core earnings of 1.41 billion pounds ($2.18billion), broadly flat on the year before, on revenue of 6.7billion pounds, down 1.9 percent.

Its service revenue of 5.95 billion pounds rose 2.7 percent,excluding the impact of regulatory price changes.

EE's owners are reviewing the business, and have said apublic listing is the preferred option. Swantee said he had noupdate on the intentions of France Telecom and Deutsche Telekom.

More News
16 May 2024 09:57

LONDON BROKER RATINGS: Barclays raises Travis Perkins to 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
15 May 2024 10:09

TOP NEWS: Vodafone commences EUR500 million share buyback programme

(Alliance News) - Vodafone Group PLC on Wednesday said it began a share buyback programme of up to EUR500 million, a day after saying it would begin a wider EUR2.0 billion scheme following Spanish authorities giving the green light to the planned sale of its Spanish business.

Read more
15 May 2024 09:22

LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Read more
15 May 2024 07:44

LONDON BRIEFING: Stocks set to see gains ahead of US inflation data

(Alliance News) - Stocks in London are called higher, as investors shrug off nerves ahead of a key US inflation reading.

Read more
14 May 2024 17:38

Vodafone reports 2% rise in annual profit after stronger final quarter

Core earnings rise 2.2%, meeting market forecasts

*

Read more
14 May 2024 17:20

London stocks edge higher after mixed jobs report

FTSE 100 up 0.2%; FTSE 250 adds 0.3%

*

Read more
14 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 up despite Powell's US inflation caution

(Alliance News) - London's FTSE 100 edged higher on Tuesday, shaking off a warning from Federal Reserve Chair Jerome Powell on inflation, as well as tensions between the US and China.

Read more
14 May 2024 16:40

London close: Stocks manage gains as unemployment rises

(Sharecast News) - London stocks closed higher on Tuesday, as investors analysed the latest UK jobs data and remarks from Bank of England chief economist Huw Pill.

Read more
14 May 2024 16:21

TOP NEWS: Vodafone to start share buyback after Spanish deal cleared

(Alliance News) - Vodafone Group PLC on Tuesday said it plans to kick off its EUR2.0 billion share buyback programme after Spanish authorities gave the green light to the planned sale of its Spanish business.

Read more
14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

Read more
14 May 2024 10:47

TOP NEWS: Vodafone says more "to be done" after annual earnings beat

(Alliance News) - Vodafone PLC on Tuesday reported a return to growth in Germany, as it delivered full-year results slightly ahead of its expectations.

Read more
14 May 2024 09:52

LONDON MARKET OPEN: Stocks steady after soft jobs data; Vodafone stars

(Alliance News) - Stocks in London on Tuesday edged higher in early trading as soft jobs data boosted hopes of an interest rate cut in June.

Read more
14 May 2024 07:46

LONDON BRIEFING: UK wage growth above forecasts; Greggs sales rise

(Alliance News) - London's FTSE 100 index is called marginally lower on Tuesday, as the market awaits the release of key US economic data.

Read more
14 May 2024 07:03

Vodafone FY Vodafone cash flow better than expected

(Sharecast News) - Troubled telecoms giant Vodafone posted slightly better annual results than forecast, driven by a strong final quarter, as it continued to offload businesses and move towards its tie-up with rival operator Three.

Read more
13 May 2024 15:06

Tuesday preview: UK employment, Fed's Powell, Vodafone in focus

(Sharecast News) - Investors' attention will be trained on the latest UK employment report on Tuesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.