Increased market share for Three mobile phone and broadband
Revenues at Three, Ireland’s largest high speed network* and fastest growing mobile operator, grew by 16% to €174m in 2012, a year which also saw its market share continue to rise in a virtually static mobile phone and broadband market.
This 16% growth in revenues in 2012 follows a 53% revenue growth in 2011 and reflects higher sales of smartphones and a higher customer base. Three has achieved a leading position in capturing market share in Ireland through continuing to deliver excellent customer usage experience, supported by an enhanced network and competitive pricing – Three’s market share grew from 7.7% to 9% in 2012.
Loss before interest, tax, depreciation and amortisation (LBITDA) fell by 32% to €19m due to the increased revenue and lower customer acquisition and retention costs. The company broke even on an EBIT (earnings before interest and tax) basis due mainly to a one-off net gain of €45m on the agreement of a network sharing arrangement with Vodafone.
Commenting on the results CEO of Three Robert Finnegan said: “Our results represent a solid performance in a highly competitive marketplace where other operators continue to lose market share. Our revenue has gone from €98m in 2010 to €174m in 2012, showing a 78% growth in just two years. While the market is static, our growth is not and in 2013 with the roll out of 4G, that strong performance will continue.”
He continued: “Our focus of offering excellent value and service is being rewarded and as the leading innovator in the mobile space in Ireland, we will continue to deliver a best-in-class data experience for smartphone users.”
Three‘s parent company, Hutchison Whampoa Limited (HWL),is a leading international corporation committed to innovation and technology with businesses spanning the globe. Its diverse array of holdings range from some of the world’s biggest port operators and retailers to property development and infrastructure to the most technologically-advanced and marketing-savvy telecommunications operators. HWL today reported turnover of approximately HK$398,391 million for the year ended 31 December 2012. With operations in 52 countries and over a quarter million employees worldwide, Hutchison has six core businesses – ports and related services; property and hotels; retail; infrastructure; energy and telecommunications.
For further information please contact: Murray Consultants
Mark Brennock 087 2335923 Aoibheann O’Sullivan 087 6291453
Issued by Murray Consultants on behalf of Three
Robert Finnegan CEO of Three, Ireland’s largest high speed network and fastest growing mobile operator, announcing the company’s annual results today. Revenues at Three have gone from €98m in 2010 to €174m in 2012, showing a 78% growth in just two years.
Note to editor:
- Three operates 3G services in Ireland, UK, Austria, Denmark, Hong Kong, Italy, Macau and Sweden. We have over 22 million customers in Europe alone.
- Launched in Ireland in 2005, Three is now the country’s largest high-speed network* and fastest-growing operator. Our market share is 9% according to the latest ComReg quarterly report (Q4 2012) up from 7.7% in a year.
- Three has invested over €800 million in building its Irish network, and has opened over 50 “3Stores” in Ireland.
- Three has a track record of firsts for Irish consumers including:-
- Bringing Skype to mobile
- The launch of mobile broadband;
- Introducing innovative flexible price plans;
- Launching unlimited internet with “All You Can Eat Data”
- Delivering domestic rates for customers roaming on Three’s networks abroad with 3 Like Home.
- Three was the first to launch mobile broadband in Ireland and is now the mobile broadband leader.
- In December 2008, Three won the Government contract to roll-out broadband to the remaining 10% of the country. The scheme was completed on time and to budget in December 2010.
*based on the geographical coverage of Three’s HSPA+ network in the Republic of Ireland.
About Hutchison Whampoa
- Three is 100% owned by Hutchison Whampoa Ltd. (HWL), a renowned multinational conglomerate committed to innovation and technology. Its diverse businesses employ over a quarter of a million people in 52 countries worldwide.
- HWL’s operations range from some of the world’s biggest port operators and retailers, to property development and infrastructure, to innovative telecommunications and data services.
- HWL is a leading global operator of mobile telecommunications and data services and a major owner and operator of fibre-optic fixed-line networks in Hong Kong.