EE achieves full year target with more than 14m 4G subscribers at end-2015

15 Feb 2016

UK mobile network operator EE said last week it had achieved its target for 2015, revealing that as at end-December 2015 it had more than 14 million accesses on its books. With the number of LTE-based subscribers having surpassed the company’s end-year projection – and having almost doubled during the twelve-month period – it also revealed that 4G coverage now stands at 95% of the population.

Total network connections at the end of 2015 numbered 31.5 million, up from 30.9 million one year earlier, with pre- and post-paid mobile connections accounting for 8.849 million (4Q14: 9.575 million) and 15.338 million (14.901 million), respectively, while the number of customers served by MVNOs over EE’s network was 4.185 million, up 12.8% from 3.709 million. Machine-to-machine connections totalled 2.173 million at 31 December 2015, representing a 13.4% increase against a year earlier, with fixed broadband accesses reaching 933,000, up from 834,000.

In financial terms, total turnover in 2015 was GBP6.311 billion (USD9.65 billion), representing a 0.3% decline year-on-year. Similarly, a small drop in operating revenue was reported, falling to GBP6.002 billion (down 0.6% against FY14), though EE highlighted the fact that, excluding regulatory impact, underlying revenues were actually up 1.1% year-on-year. Adjusted EBITDA in the twelve months under review was GBP1.781 billion, a 12.1% increase against the previous fiscal year. Capital expenditures in 2015 totalled GBP594 million, roughly unchanged from the GBP596 million reported for 2014.

United Kingdom, EE