VOD subscriber growth info
SI: StockTalk: Communications: Vodafone-Airtouch (NYSE: VOD)
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To: MrGreenJeans who wrote (1986)
From: Jules Shear
Tuesday, Oct 5 1999 10:04AM ET
Reply # of 1987
Interesting speculation this morning on Bloomberg from Legg Mason analyst who thinks VOD could be a buyer of
Bell South. Would definitley be one way for VOD to get into Latin America in a big way.
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SI: StockTalk: Communications: Vodafone-Airtouch (NYSE: VOD)
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To: David Wiggins who wrote (1983)
From: Jules Shear
Monday, Oct 4 1999 11:32PM ET
Reply # of 1987
US subscriber numbers seemed a little disappointing compared with previous quarters...hope they can "get their
eye back on the ball" of executing on the business plan now that the suspense around Bell Atlantic partnership has
been resolved. Although VOD is clearly an international "story" (despite the many overly US-centric investors
here), it still is amazing that US generated only 7% of customer additions (186K/2.6M).
How about that European growth (especially UK)! US operations added 186,000 customers although it covers
almost 100 million people while UK added over 700,000 customers although is covers about 60 million people.
Maybe comparing apples and oranges-but the point is the same.
VODAFONE AIRTOUCH EXCEEDS 31 MILLION CUSTOMERS
4-Oct-1999
99/105
Vodafone AirTouch Plc today announces connection figures which show that more than 2,636,000 new customers
joined Vodafone AirTouch networks around the world during the July to September 1999 calendar quarter. At the
end of September, excluding paging customers, Vodafone AirTouch had a world-wide customer base of over 31.4
million customers from operations in 23 countries.
In the UK during the quarter, Vodafone connected over 701,000 new customers, a record for the third calendar
quarter, and more than double the same quarter of 1998. This figure included over 689,000 who joined the
Vodafone Pay as You Talk service. At the end of September, the UK customer base was over 6,864,000,
including more than 3,190,000 on the Pay as You Talk service.
The Europe, Middle East, and Africa region of Vodafone AirTouch grew by more than 1,407,000 new customers
during the quarter, and at the end of September had a customer base of over 12,057,000. These figures include the
addition of some 341,000 customers in total and 40,000 for the quarter as a result of the 3.8% stake increase in
Omnitel Pronto Italia, but exclude the Vodafone AirTouch interest in the E-Plus network in Germany.
The USA/Asia Pacific region ended September with a cellular customer base of more than 12,559,000. This figure
includes the addition of 988,000 customers which reflects the current ownership in Japan. More than 186,000 new
customers were added to the US customer base, while Asia Pacific recorded approximately 340,000 new
additions during the quarter. Of these 61,000 were accounted for by the ownership changes in Japan.
Commenting, Chris Gent, Chief Executive of Vodafone AirTouch Plc, said: "The demand for mobile
communication services around the world continues to be strong. In most of our markets we are seeing accelerated
growth and increases in market penetration rates to levels which have surpassed our expectations. Of particular
significance is the performance of the Europe, Middle East and Africa region which now accounts for nearly 40%
of all of our customers. It has become our fastest growing region and emphasises the importance of our global
strategy."
For further information contact:
Tim Brown, Investor Relations Director, or
Melissa Stimpson, Senior Investor Relations Manager, or
Mike Caldwell, Director of Corporate Communications
at Vodafone AirTouch Plc
Telephone +44 (0)1635 33251 |
