T- Mobile UK 2009 Full Year Financial Results
Good customer growth in Q4. Record December. Strong turnaround in second half.
Year on Year:
§ Customer growth “ up 2.3% Y0Y to 17.2 million
§ Net additions 393,000. Contract customers 4.1 million, up 0.4%. Prepay customers 13.1 million, up 3%
§ Revenues £3.0 billion (2008: £3.2 bn) reflecting in part the regulatory impact of lower termination rates
§ Data revenues up 40.5%
§ EBITDA £544 million (2008: £708m) reflecting in part regulatory and foreign exchange impacts
Fourth quarter
§ 570,000 net customer additions. Best ever December
§ Marked reduction in both contract and prepay churn
§ Continued reduction in operating costs, down 13%
§ Impact of ˜Smart Invest’ programmes seen in sharp reduction of customer acquisition and retention costs
Operational Highlights
§ EBITDA margin improved from 15.4% in first half of year to 20.7% in the second half
§ Impact of ˜Smart Invest’ programme seen in sharp reduction of customer acquisition and retention costs
§ Pre-pay and pay monthly portfolio refresh
§ 3G network expansion on track to create
§ MVNO deals with Vectone and Viacloud
Strategic Highlight
§ Proposed merger with Orange
