Feeds

3 UK claims 1.2m subscribers

Took a little time

  • alert
  • submit to reddit

High performance access to file storage

3 UK today claimed 1.2 million subscribers, at last taking it above the million subscriber target it set for itself to reach by Christmas last year. Worldwide, the Hutchison Whampoa-owned 3G mobile phone network operator has 3.2 million subscribers as of today, a net gain of 2.5 million customers in six months.

3's UK launch last year was bedevilled by poor coverage, expensive tariffs and crap phones. Since then it has pulled its socks up, with better phones, better retail distribution and a good old-fashioned price war. Which is good for customers, but not necessarily for Hutchison Wampoa's profit and loss account. However, it is making some progress here too, at least on a per customer basis. And 3 UK customers appear to be relatively free spending, accounting for an ARPU (average revenue per user) of £43.22 per month.

In July, group acquisition costs averaged €252 per customer, compared with the average customer acquisition cost of €299 in the first seven months of the year. According to Hutch, the seven month average reflects slow sales, a more limited handset range and higher handset prices in the early months of the year. It expects rapidly declining costs, gaining price breaks from the suppliers as volumes ramp up.

Of course, Hutchison is trying to launch 3G networks in several countries - Italy, Denmark, Austria, Sweden, Australia and Hong Kong - as well as the UK. This immensely ambitious undertaking is costing the company serious money. Earnings Before Bad Stuff for the first six months of the year show a loss of HK$4,153m (c. $532.5m). Throw in interest, depreciation etc. and the headline loss balloons to HK$8,920m (c. $1.437bn).

Hutchison Whampoa is a big conglomerate but even it will struggle to fund losses at this rate. ®.

Related stories

3 signs up Argos
Hutchison 3G on road to break-even
Global Crossing gets $100m boost
3 won't flee UK
NTT DoCoMo flees 3 UK
Hutchison raises $2bn in soap sale

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.