Vodafone adds 200,000 TV customers in 4Q 2015Thursday, February 4th, 2016
Vodafone has released a trading update for the quarter ended 31 December 2015.
“We continue to achieve strong customer growth and now have 13.0 million broadband customers, with 414,000 being added in the quarter. In Europe, we now have 12.0 million broadband customers and 9.4 million TV customers (9.2 million TV customers at end September), with 49% of our European broadband customers taking a high speed service over fibre or cable.
Our fully integrated fixed, mobile and TV service, Vodafone Red One, has also had encouraging take-up following its launch in November. The integration of KDG continued as planned, and we remain on-track to implement measures by the end of this financial year that will deliver 75% of the targeted cost and capex synergy run rate by the end of next financial year.
We continued to achieve good customer growth in our fully integrated cable, mobile and TV service, Vodafone One, with over 1.1 million customers now taking this service. We also grew our TV customer base to over 1.0 million, supported by our strong TV platform and attractive content packages.
The integration of Ono is proceeding strongly and we remain on-track to deliver 100% of the targeted cost and capex synergy run rate by the end of this financial year. Including our joint fibre network build with Orange, we can now reach 8.2 million households with our high speed broadband services.”
Speaking at the Analyst and Investor Conference Call, Nick Read, Vodafone Group’s Chief Financial Officer, said that the company expects to launch its TV service in the UK ‘later in calendar 2016’.