Post-paid subscriber adds a bright spot in Everything Everywhere’s first quarter

Everything Everywhere, the joint venture between British cellcos Orange UK and T-Mobile UK and the country’s largest mobile network operator by subscribers, has highlighted the continued shift in its subscriber mix towards post-paid services and increased smartphone uptake following the release of its financial results for the first three months of 2012. The operator reported a service revenue of GBP1.503 billion (USD2.4 billion) for the quarter, down 2.5% against the corresponding period a year earlier, with regulated mobile termination rate (MTR) cuts cited as one of the core drivers for the decline. Excluding the impact of MTR reductions, Everything Everywhere said, service revenue actually increased by 2.9% compared to 1Q11

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OVETEL Post-paid subscriber adds a bright spot in Everything Everywhere’s first quarter