Everything Everywhere announces 2Q results

Everything Everywhere, the company managing the joint businesses of T-Mobile and Orange, has stated the newly merged mobile operator suffered a second quarter revenue loss of £101 million, compared to the same period in 2009. Total revenues for the quarter were £1.72 billion, down 4.8% on the previous year.

Mobile service revenue for the period was £1.56 billion, down 5.3% on the same period last year, and EBITDA was £309 million, down 18.5% on last year’s figures.

The company stated that both revenues and EBITDA in the quarter were impacted by the introduction last year of lower regulatory caps on mobile termination rates (the charges operators pay for call traffic across each other’s networks). The company claimed that this affected all operators, and coupled with continued investment in customer growth and value, the impact on Everything Everywhere in the second quarter was a £101 million reduction in revenue.

However, Everything Everywhere has announced that its merger integration plan is running ahead of schedule, with customers set to be offered access across both networks working as one from 5 October. Orange and T-Mobile customers will access two national networks at no extra cost, as first phase of multi-network strategy to combine 2G, 3G, 4G, fixed broadband and WiFi.