Thanks to LTE, Three in the UK is seeing good revenues

Thanks to LTE, Three in the UK is seeing good revenues
The fourth largest carrier in the UK, Three, is seeing a return on its aggressive implementation of LTE service and 4G tariffs (rate plans). All-in-all, not a bad showing for an initiative that just started in December.

Operating profits have doubled from £101 million to £207 million and total revenues have topped £2 billion. For 2013, Three added 565,000 new customers. That seems small compared to the types of reports we see in the US, but it is handsome growth for a carrier with a total of 8 million customers.

LTE service is up and running in 36 markets and coverage is expected to grow to cover more than 200 cities and town by the end of 2014. At the pace Three is working at now, 98% of the UK will be covered by the end of 2015.

Three has been doing its part to play a disruptive role in the market, eliminating roaming charges to 11 countries, deploying new prepaid service and not hiking rates with LTE service as it rolled out.

The carrier is still a distant fourth behind Vodafone, O2 and EE, but if it continues to capitalize on its model of decreasing costs and prudent reinvestment of operating profits, its nibbles in the market will resemble more of a bite.

source: Light Reading

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18 Comments

1. XperiaFanZone

Posts: 2278; Member since: Sep 21, 2012

Proud user of 3 for over five years.

7. RapidCat

Posts: 351; Member since: Jun 12, 2012

i hope 3 indonesia bring LTE this year

9. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Same here, although the 4g roll out was kind of slow, it lives up to my expectations. I've used 200gbs on my sim for this month so far and it's got 10 days left in the current cycle. No slowing of service and no problems whatsoever.

2. outlawog

Posts: 47; Member since: Nov 27, 2013

I get speeds of 50Mbps down, and 20meg up with threes LTE. They're so good!

4. vincelongman

Posts: 5720; Member since: Feb 10, 2013

Thats better than my wifi :`(

6. steedsofwar unregistered

what area are you seeing these speeds? that's just insane...

15. outlawog

Posts: 47; Member since: Nov 27, 2013

Yeah i know, its crazy. Heres a screenshot -http://imgbox.com/s6kA6DhW , This is in Fulham SW6 London.

8. Klamba92

Posts: 212; Member since: Jun 25, 2012

Yh which area you in I'm getting around 25mb down and 18 up in upload in Central London once gone up to 46 and 19 up but stays at 25 mb most times!

3. T12RYK

Posts: 849; Member since: Jun 10, 2011

Three have always been the best in terms of pricing and tariffs. Way to lead the way in offering 4G at no extra charge. Proud to be a Three customer.

5. steedsofwar unregistered

Same here guys. With 3UK for roughly 7 years now. LTE is at no extra cost! I get maximum 32mbs down and 21 up.

11. Salazzi

Posts: 537; Member since: Feb 17, 2014

just curious, how much are you UK folk paying? And is that unlimited data?

14. outlawog

Posts: 47; Member since: Nov 27, 2013

Unlimited Free Data ;)

17. Salazzi

Posts: 537; Member since: Feb 17, 2014

and how much for the plan?

18. bukton

Posts: 1; Member since: Mar 13, 2014

It's £15/month for 12 months for a sim-only plan. That's $25/month.

10. Locutus unregistered

I'm loving what Three is doing, can't wait to join them!

12. ady_lad

Posts: 83; Member since: Jul 17, 2013

I wish Vodafone would hurry up with their LTE, some areas you even stuggle to get the 3g...I live in Chester and many times you struggle to get some running 3g speeds...

13. noteseries

Posts: 80; Member since: Oct 29, 2013

bring it to Indonesia, i m ur loyal costumer -_-!

16. shamatuu

Posts: 159; Member since: Nov 02, 2011

UK has weird names for carriers

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