Everything Everywhere unveils plans for growth through network leadership
(1.2 MB)
London, September 28, 2010 
Merger integration ahead of plan with rapid and smooth progress to date: clearance for the joint venture achieved at earliest opportunity; leadership team in placeClass-leading market offer to launch on 5th October: Orange and T-Mobile customers to access two national networks at no extra cost, as first phase of multi-network strategy to combine 2G, 3G, 4G, fixed broadband and WiFi in unique customer offerEverything Everywhere confirms it will meet its synergy net present value target of at least £3.5bn (net of integration cost). Developments to the original business case include expanding, not contracting, retail footprint and taking the network beyond an original radio site range of 16,000 to 18,000+Everything Everywhere confirms its ambition to continued leadership in service revenue market shareEverything Everywhere will continuously grow its absolute level of EBITDA, with an expectation to achieve an EBITDA margin of 25%+ by 2014, allowing the company to maintain ambitious levels of investment for the best customer experienceEverything Everywhere confirms its ambition to achieve double digit cashflow CAGR from 2010 to 2014. The company remains confident of cash delivery going forward
Improved contract customer growth of 8.6% YoY, with 267,000 net additions in the quarterConsolidated figures for the new joint venture show continued progress with revenue growth (pre regulatory impact) of 1% year on yearEBITDA for the second quarter of £309m and free cash flow of £205m*Continued improvement on customer loyalty for both the T-Mobile and Orange brands, with a consolidated monthly churn figure of 1.4%, down from 1.7% a year ago
Everything Everywhere outlines its progress on integration and strategy for growth – and
second quarter performance – at an Investor Conference in London on 28th September
second quarter performance – at an Investor Conference in London on 28th September
Integration and Future Growth Highlights
Merger integration ahead of plan with rapid and smooth progress to date: clearance for the joint venture achieved at earliest opportunity; leadership team in placeClass-leading market offer to launch on 5th October: Orange and T-Mobile customers to access two national networks at no extra cost, as first phase of multi-network strategy to combine 2G, 3G, 4G, fixed broadband and WiFi in unique customer offerEverything Everywhere confirms it will meet its synergy net present value target of at least £3.5bn (net of integration cost). Developments to the original business case include expanding, not contracting, retail footprint and taking the network beyond an original radio site range of 16,000 to 18,000+Everything Everywhere confirms its ambition to continued leadership in service revenue market shareEverything Everywhere will continuously grow its absolute level of EBITDA, with an expectation to achieve an EBITDA margin of 25%+ by 2014, allowing the company to maintain ambitious levels of investment for the best customer experienceEverything Everywhere confirms its ambition to achieve double digit cashflow CAGR from 2010 to 2014. The company remains confident of cash delivery going forwardSecond Quarter Highlights (all numbers consolidated)
Improved contract customer growth of 8.6% YoY, with 267,000 net additions in the quarterConsolidated figures for the new joint venture show continued progress with revenue growth (pre regulatory impact) of 1% year on yearEBITDA for the second quarter of £309m and free cash flow of £205m*Continued improvement on customer loyalty for both the T-Mobile and Orange brands, with a consolidated monthly churn figure of 1.4%, down from 1.7% a year agoAll comparisons throughout this press release are with pro forma Q2 2009 numbers – unless otherwise stated.
*Free cash flow defined as EBITDA less capex
About Everything Everywhere Limited
Everything Everywhere Limited is the company running two of the UK’s most famous brands – T-Mobile (UK) and Orange (UK). Owned jointly by Deutsche Telekom and France Telecom respectively, Everything Everywhere Limited is the UK’s biggest communications company, with a combined customer base of over 28 million people and over 700 retail stores across the country. Everything Everywhere Limited plans to transform the industry by giving customers instant access to everything everywhere, offering the best value, best choice and best network experience in the country.
© France Telecom - Orange 2012
