EE upgraded to 'BBB/A-2' on higher margins; outlook stable

Everything Everywhere Ltd. (EE) today announced that Standard & Poor's Ratings Services (S&P) has raised its long-term and short-term corporate credit ratings on EE to 'BBB/A-2' from 'BBB-/A-3'. S&P’s outlook is stable for the rating.  The upgrade reflects S&P’s view that EE is successfully executing its strategic plan and the expectation that EE's reported EBITDA margin and credit metrics will strengthen in the next 18 months.

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About EE

EE is the largest and most advanced digital communications company in Britain, delivering mobile and fixed communications services to consumers, businesses, government and the wholesale market. With more than 15,000 employees and 600 retail stores, EE serves more than 27 million customers on EE, Orange and T-Mobile mobile and broadband plans.

EE runs the UK's biggest and fastest mobile network, having introduced the UK's first and only superfast 4G mobile service in 2012. In July 2013 EE's 4G coverage reached nearly 60% of the UK population, with plans to cover 98% of the population by 2014.  2G and 3G coverage currently reaches more than 99% of the population. EE's superfast fibre broadband service covers 54% of the UK population, and ADSL broadband service covers 98.7% of the population. 

EE has received extensive independent recognition including being ranked the UK's best overall network by RootMetrics®, and Best Network for Business at the 2013 Mobile Industry awards. 

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