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Three has once again reiterated its calls for consolidation in the UK mobile market, calling the current situation “dysfunctional”.
The company recorded its strongest year in terms of customer additions for nearly a decade in 2021, with a 7% rise in its active contract base, coupled with growth in the business and home broadband markets, contributing to a 4% rise in revenues to £2.44 billion.
Meanwhile, profitability increased by 10% year-on-year and the company’s 5G network now covers one third of the UK population across 2,500 sites.
Vodafone vs Three
However, Three has warned that future investment is being stifled …
