3 UK's ambitions checked by termination rates

3 UK, owned by Hutchison, aims to double its subscribers to around 6.8 million by 2012. CEO Kevin Russell told the Financial Times. 'Over the next three to four years I would like to more than double the net revenue in the business, and double the customer base'.

According to the latest figures from Hutchison, 3 UK had 3.4 million active customers at the end of last year, and the business generated £1.6 billion (€2.01 billion) of revenue in 2007, up 5% on 2006.

Russell is expected to give evidence on Friday to the UK's Competition Commission, which is holding an inquiry into termination rates. 3 UK is believed to favour the abolition of termination rates, or their reduction to minimal levels.

The operator reported a pre-tax loss of £840.7 million (€1,058 million) in 2006, the last year for which accounts are available. Profitability has been affected by the termination rates it pays other operators, according to Hutchison.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.