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3 Group service revenues up 9% in 2014, passes 25 mln subs
2015-02-26 14:11:00| Telecompaper Headlines
(Telecompaper) The 3 Group grew its active customer base 13 percent in Europe last year to over 25.0 million at year-end. The mobile operator recorded revenues of HKD 65.6 billion in Europe, up 6 percent from 2013, and mobile service revenues rose 9 percent to HKD 49.5 billion. The company increased EBITDA 23 percent to HKD 15.6 billion, the EBITDA margin improved to 30 percent from 27 percent in 2013, and EBIT rose 42 percent to HKD 6.9 billion, parent company Hutchison Whampoa reported. With the exception of Italy, all operations in 3 Group Europe increased their contributions to group earnings during the year. The company said it profited from cost synergies in Austria and Ireland after its takeovers there, and the group will continue to look for consolidation opportunities in its markets.
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Category:Telecommunications