Three UK Capex touches £162 mn focusing on 5G

Three UK said its Capex spend rose 7 percent in Q1 2022 to £162 million due to significant network investment focusing on the rollout of 5G and the performance of 4G network.
Three UK mobile networkThree UK said 5G network coverage has reached more than 1/3rd of UK population across 370 towns and cities with more than 2,800 sites live.

Three UK CEO Robert Finnegan said: “Our network improvements are supporting this growth, and we now cover more than a third of the UK’s population and have the fastest 5G network as rated by Ookla. Our continued investment is enabling our customer experience improvements.”

Contract base increased 5 percent with significant growth in SMARTY, Home Broadband and Business, Three UK said. Contract churn is 1.1 percent, reduced in Q1 2022 through strong retention initiatives.

Three UK reported revenue of £582 million in Q1 2022 vs £581 million in Q1 2021. Total margin rose 1 percent to £365m vs £359m while net AMPU increased by 2 percent.

Latest

More like this
Related

Trai proposes more mmWave spectrum for 5G in India

The Telecom Regulatory Authority of India (Trai) has recommended...

Who are best 5G operators in consumer experience in UK?

The latest Ookla report has revealed the best 5G...

BT CEO Allison Kirkby on cost transformation strategy

BT CEO Allison Kirkby says the telecom operator has...

Main facts about T-Mobile US financial performance in 2024

T-Mobile US has reported 3.6 percent rise in revenue...