Feeds

Three UK finally turns a profit

Eight years on, with a little help from its friends

Intelligent flash storage arrays

Three UK has finally turned a profit in the UK in its eighth year of operation – with some help from a network-sharing agreement with Everything Everywhere, after parent company Hutchison Whampoa reported its annual results.

The figures gain from a one-time substantial benefit of £500m, which sees Three UK gain the use of 3,000 transmission sites, which it says are free of acquisition and future operating costs. This was partly offset by restructuring and other costs of £311m, leaving EBIT of £173m.

Revenue was £1.4bn for 2010, with a 7 per cent fall in postpaid income offsetting a 12 per cent gain in prepay - an overall revenue decline of five per cent.

The network now has 7.23 million punters, with 3.33 million on prepay and 3.898 million on contracts. Prepay subscribers grew by 51 per cent, but contract customers still bring home 88 per cent of the operator's revenue. UK ARPU (average revenue per user) is £8.45 for prepay and £29.36 for postpay, down 16 per cent from last year.

The operator began selling the iPhone last August and now says it sells more than any other UK network.

Three UK, which benefited from an auction designed to keep four operators in the UK market, still has some distance to make up, however. Third-placed Vodafone reported 19.1 million customers at the end of last year, half of whom are on contracts, with a higher ARPU of £37.1 per month. ®

Remote control for virtualized desktops

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.