Customer Numbers Down Again But Vodafone Predicts Growth Ahead
Stability however depends on how you look at it. Figures released yesterday showed VHA in fact lost 46,000 mobile customers in the 12 months, though there was some improvement in the second half.
And in money terms VHA appears to have experienced a net loss of $603.6 million for the calendar year. That figure has been calculated after 50 percent partner Hutchison Telecommunications Australia (HTAL) yesterday told the ASX its share of VHA losses in the year was $301.8 million, up 22.9pc
Both VHA and HTAL reported a slight rise in numbers in the second half, after another net loss in number in the first half – HTAL puts this loss at 3 percent
In money terms, HTAL reported a net loss of $285.5 million loss for the year, a 24 percent increase on the $230 million loss incurred in 2013.
Voda CFO James Marsh said the company was confident it had reversed the downward trend of recent years and “we expect to see customer numbers continue to grow in 2015”.
HTAL said it remains committed to its investments in VHA and will continue to support the business in Australia.”