UPDATED: Vodafone upbeat on turnaround despite more customer losses
Vodafone Hutchison Australia has blamed “stiff competition” and a saturated market for the loss of 137,000 more customers in the six-month period ended 30 June.
Vodafone Hutchison Australia has blamed “stiff competition” and a saturated market for the loss of 137,000 more customers in the six-month period ended 30 June.
TPG has found success with a consumer plan bundling ADSL2+ with a home phone line, with the package greatly outselling mobile and stand-alone broadband offers, according to the telco's financial results reported today.
Vodafone Hutchison Australia continued to lose customers in the last quarter of 2013, but lost fewer of them compared to previous quarters.
Job cuts contributed to an increase in net profit at Optus in the quarter ending 30 September, despite falling revenue.
Vodafone Hutchison Australia (VHA) CEO Bill Morrow said he expects customer losses to continue this year after 551,000 customers deserted the number three telco in the first half of this year.
Even if the price for spectrum in the 700MHz band had been set lower, Optus may still not have bought more than 10MHz of the 45MHz that was available in the Digital Dividend auction, according to Optus chief country officer, Kevin Russell.
Melbourne IT said it expects a boost to business from defensive domain registering and other activity associated with new global top-level domains expected to go live later this year.
Microsoft reported revenue that was down 14 percent year-on-year for its first fiscal quarter, with net income down 17 percent - but it still beat analyst expectations on both counts.
On the same day it appeared to have missed its chance to buy Sun Microsystems, IBM reported that revenue for the first quarter dropped 11 percent from a year earlier and had fallen short of analyst expectations.