Telecom loses 95,000 customers
Pre-paid customers flee but Telecom captures revenue.
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EARNINGS
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Telecom, which is splitting in two, said its mobile revenue grew by 5% in the second half but total mobile subscribers fell by 95,000.
The decline in subscribers widens the gap between Telecom and its rival Vodafone. Click here for the previous mobile standings.
Telecom said the decline was predominantly made up of “low value pre-paid” CDMA customers going active.
“This trend has had minimal impact on revenues and is likely to continue as we move closer to the close down of the old CDMA network, the company said in announcing its full year result today.
“We remain on track to shut down CDMA by July 2012,” chief executive Paul Reynolds said.
Duncan Bridgeman
Fri, 19 Aug 2011
Fri, 19 Aug 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Telecom loses 95,000 customers
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