3 boss wants to double customer base by 2012

3 boss wants to double customer base by 2012

3 UK chief executive Kevin Russell has set a target of doubling the number of subscribers to his network to around 6.8million by 2012.

In an interview with the Financial Times, Russell said: ‘Over the next three to four years I would like to more than double the net revenue in the business, and double the customer base.’

Hutchison’s latest results show 3 UK had 3.4 million active customers at the end of last year, and the business generated £1.6 billion of revenue in 2007, up 5% on 2006.

3 had a terrible 2006, the last year for which full accounts are available, reporting a pre-tax loss of £840.7m.

The operator’s profitability has been hit by the termination rates it pays other operators to connect its calls.

Russell is expected to give evidence on Friday to the UK's Competition Commission, in which he will be calling for the commission to scrap termination rates.

Written by Mobile Today
Mobile Today


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