Statement re: BT Circular to BT Group plc shareholders
Company achieves 2014 targets – delivers 25% adj. EBITDA1 margin, retains revenue market leadership and adds record 5.7m 4G customers to become Europe’s largest 4G operator
EE Limited, Guarantor of the EE Finance Plc £3,000,000,000 EMTN Programme, announces that its shareholders, Deutsche Telekom AG and Orange SA, have today made the following announcement.
4G customer base up fourfold year-on-year to 5.6m – largest of any European operator; EE again ranked UK’s #1 overall network by RootMetrics® as 4G pop. coverage passes 75%
EE, the UK’s most advanced digital communications company, today announced the appointment of Delphine Ernotte Cunci, senior executive vice-president responsible for Orange France since 2010, as non-executive director on the board of EE.
1 September 2014 – EE, the UK’s most advanced digital communications company, today announced that Benoit Scheen has formally tendered his resignation from the EE board of directors as a result of his departure from the Orange Executive committee announced in May 2014. Benoit’s replacement will be announced following formal approval by the Board of Directors on 11 September 2014. EE is guarantor of EE Finance Plc’s £3,000,000,000 Euro Medium Term Note Programme.
Adj. EBITDA margin improves with continued postpaid growth and cost savings; record 1.3m 4G customers added in Q2, the most ever by a European operator in a quarter. Highlights: Strong take up of 4G mobile services, with accelerating B2B momentum: 4G customers double in the first half to 4.2m. 4G base up a record 1.3m or 45% quarter-on-quarter in Q2 alone. On track to exceed 6m by end of the year. In Q2, 72% of new postpaid customers selected 4G as price plans extended, including 88% of new B2B customers. 5,500+ corporates using 4GEE, including new account wins Deloitte and Essex Police.
Decision on BT’s Ladder Pricing for non-geographic numbers.
Best ever 4G take up in a single quarter driven by growing appetite for superfast mobile internet.