Vodafone expecting further Aust growth

Vodafone Hutchison Australia has told shareholders it expects to continue recent growth in its customer numbers and revenue.

Pedestrians walk past a Vodafone store in Sydney

Vodafone Hutchison Australia expects to continue recent growth in its customer numbers and revenue. (AAP)

Vodafone Hutchison Australia expects its customer base will continue to grow as it maintains its recent turnaround in performance.

The mobile network operator, a joint venture between Vodafone Group and Hutchison Telecommunication Australia, has been working on network coverage, speed and reliability to attract and retain customers.

Chairman of Hutchison, Canning Fok Kin-ning told the group's annual general meeting on Friday that Vodafone Hutchison Australia (VHA) expected continued growth in its customer base and expects revenue to also lift.

"VHA returned to customer growth in the second half of 2014, with that trend continuing throughout 2015 and now into 2016," he said.

"During the first few months of this year, VHA has continued to see increases in pre-paid, postpaid and wholesale customer numbers."

He said VHA was expected to continue to perform well as they continue to expand the network and focus on improving customer service.

VHA, in recent years, had suffered a mass exodus of customers because of troubles with the network's coverage, speed and reliability.

In February, VHA said its multi-billion dollar network investment was finally starting to pay off, with the mobile operator reporting a rise in annual revenue and earnings.

The company added 135,000 new customers in the 12 months to December 31.

Its underlying earnings rose 5.4 per cent to $813 million, up from $771 million in 2014.


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Source: AAP


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