Vodafone Australia Hits 6M Mobile Customer Base; Posts $124M Loss in 2018

Vodafone Australia Hits 6M Mobile Customer Base; Posts $124M Loss in 2018 Image Credit: Ericsson

Vodafone Hutchison Australia(VHA), a 50:50 joint venture between Vodafone Group and Hutchison Telecommunications, announced that the Company has passed the six million mobile customer mark in 2018.

The Operator's total mobile customer base grew by 211,000 customers to 6.02 million, a 3.6% increase year-on-year(YoY). The Operator achieved moderate financial growth amid ongoing aggressive competition from rival Mobile Network Operators and continued significant network and customer investment. Its total revenue increased 5.5 per cent YoY to $3,646.9 million, while EBITDA increased 13.4 per cent YoY to $1,102.2 million. The Operator's loss decreased 30.0% YoY to $124.4 million in 2018.

Inaki Berroeta, CEO, VHA
All Australian customers are getting more data and added value than ever, and that’s because VHA has been driving competition as a price leader with a world-class mobile network. The price of data per GB has been on a steep decline for several years, decreasing around 85 per cent over the past two and a half years.

Sean Crowley, CFO, VHA
Despite the loss position, we’re proud to continue to invest heavily in our network and great value plans, and it’s especially pleasing that over six million customers are now enjoying the VHA mobile network. In 2018, we added 211,000 customers to our mobile base, with growth driven by increases in postpaid, prepaid and MVNO partner segments.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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