Everything Everywhere Beginning to Prosper.

The UK’s leading communications company, Everything Everywhere, today announced its financial results for the first quarter of 2011.

The company, created by the successful merger of Orange and T-Mobile, bringing the total customer base to 27.7 million. Mobile service revenue is up by 1.6%, despite the challenging economic conditions and churn continued its long-term improvement to 1.3%.

Tom Alexander, Chief Executive Officer of Everything Everywhere, said:

Since announcing our strategy just six months ago, we are progressing well and have significant momentum, specifically through our creation of the UK’s first supernetwork. We are also ahead of plan to deliver an NPV of £3.5 billion worth of synergies following our merger. We  remain fully confident of achieving our commercial and financial ambitions.

Mobile service revenue maintained its growth trend, up 1.6% YoY, reflecting growth in the contract customer base on both brands. Overall turnover showed a decline of 1.7% excluding regulation, due in part to lower equipment and broadband revenues, and a change in the wholesale portfolio in April 2010, following a strategic review by the mobile conglomerate.

Access to both 2G networks has been extended to over 15 million T-Mobile and Orange customers in the first quarter, with 3G national roaming to follow. Initial results of the 2G national roaming have been very encouraging with over 350 million calls made, and 1.5billion SMS sent, as a result of customer access to the combined network of 28,000 sites.