Alternative Networks reports strong growth

Written by: Mobile News
Alternative Networks reports strong growth

Alternative Networks’ profit up by 25 per cent as share in subscribers and revenues in mobile and fixed line increases

O2 and Vodafone service provider Alternative Networks has reported “growth in all areas” for the 12 months to September 30, including an increase in EBITDA of 25 per cent to £11.1 million.

Turnover increased seven per cent to £96.2 million while revenues reached £96 million, an improvement of seven per cent compared to the corresponding period in 2009.

The improvements according to the company can be put down to numerous increases in market share.

Its mobile subscriber base increased by 12 per cent to 62,136 compared to 55,229 in 2009, fixed line customers increased 18 per cent to 79,862 in 2009 and fixed line revenues grew by 12 per cent year on year in the second half of the period.

Alternative networks chief executive James Murray (pictured) said: “We are very pleased with this performance, which has delivered growth in all areas. It demonstrates the strength both of our business model and of our market position.

“We are rapidly becoming a leading mobile systems and data integrator and the strategy we have put in place, combining organic growth with high quality acquisitions, is supporting this objective.

“One of the most important aspects of this performance has been our increasing ability to cross sell a greater number of products to a client base whose spend is also growing.

“We have started the current financial year strongly, continuing the momentum that became apparent in the second half of last year. Demand for our products is growing and market conditions are stabilising, giving us confidence that our strategy will deliver long term value.”

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