Mobile operator Three saw revenues and EBITDA grow across Europe in the first half of 2017 as the UK impressed with solid customer growth.
Revenues rose 10 percent year-on-year in the six months to June to HK$33.2 billion (€3.6 billion), partly buoyed by Wind Tre in Italy.
The joint venture with VEON, which launched in November 2016, saw sales hit €1.4 billion despite the number of active customers falling five percent to 27.1 million versus 31 December last year.
Wind Tre CEO Maximo Ibarra left the business in June to be replaced by former Deutsche Telekom USA Chief Exec Jeffrey Hedberg.
Of the Group’s other markets, the UK saw the strongest revenue growth, up 10 percent to £1.2 billion thanks to nine percent growth in active customer numbers to 9.99 million. The UK opco is currently mulling legal action over caps imposed by the regulator in an upcoming spectrum auction, which it views as insufficient.
Revenues rose two percent in Sweden to SEK3.7 billion, nine percent in Denmark to DKK1.1 billion and three percent in Austria to €386 million.
However, Ireland saw sales fall 10 percent year-on-year to €298 million as customer numbers fell following price changes.
Three said it expected to improve its performance there in the second half of the year.
Across Europe, the operator’s total active customer base jumped 69 percent year-on-year to 45.2 million.
Group EBITDA rose 33 percent to reach HK$11.3 billion (€1.2 billion) as a result.