5/9/2008 11:54:00 AM
Orange's first quarter results show growth in customer base
Currency fluctuations were blamed by France Telecom for a decline in Orange UK's revenues when it published its first quarter results earlier this week, as it revealed an overall growth in its UK operation’s customer base.
A drop in the number of prepay customers was offset by an increase in the number of contract customers, which grew from 4.9m to 5.7m, helping its total subscriber base to grow from 15.0m to 15.7m.
Orange said total revenue was affected by ‘negative impact movements in the pound sterling exchange rate’. Total revenue of €1.44bn (£1.14bn) was down by 3.1% compared to the first quarter of 2007.
Non-voice revenue, however, grew year-on-year from 21.7% of network ARPU in 2007, to 23.6% in the first quarter of this year.
A statement from France Telecom said: ‘Mobile services in the United Kingdom and in France as well as enterprise services continued to improve as observed in the second half of 2007.’