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Three doubles operating profit in 2013

28 February 2014

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

  • EBIT doubles from £101 million to £207 million in 2013
  • Total revenue passes £2 billion

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.

- ENDS -

Notes to editors.

For further information please contact:

Three Corporate PR Team

0845 603 8333 / three@mww.com

About Three

Three is a communications company focused on bringing the benefits of the internet to mobile. We offer attractive pricing, all-you-can eat data packages, market-leading devices and a network built for data. Combined, this gives our customers the widest choice of ways to stay connected to the mobile internet.

Our advanced 3G network, using DC-HSDPA, already covers 86% of the UK population and HSPA+ technology, covers 98% of the UK population.

We started adding 4G to our network in December 2013. We aim to have 4G in 50 cities and over 200 towns by the end of 2014 and to cover 98% of the population by the end of 2015.

Three UK is a member of the HWL group of companies, with investments in mobile operations in Australia, Austria, Denmark, Hong Kong, Indonesia, Ireland, Italy, Macau, Sri Lanka, Sweden and Vietnam.

To find out how we intelligently manage data traffic on our network, please visit www.three.co.uk/trafficsense

36 cities and major towns

Birmingham, Blackpool, Bolton, Bournemouth, Bradford, Bristol, Cardiff, Coventry, Derby, Dudley, Edinburgh, Glasgow, Huddersfield, Kingswood, Leeds, Leicester, Liverpool, London, Long Eaton, Luton, Manchester, Newcastle Upon Tyne, Nottingham, Oldham, Oxford, Penarth, Poole, Preston, Reading, Slough, Southampton, Southend On Sea, Wallsend, Walsall, West Bromwich, Wolverhampton.

Contact information.

Devika Mistry
Name
Devika Mistry
Job Title
Division
MWW
Phone
0208 875 7973
Fax
Mobile
07403 247 569
Email
dmistry@mww.com