Mobile phone giant returns to growth
Oct 27 2010 By Peter Cripps
EVERYTHING Everywhere - the company behind merged mobile phone giants Orange and T-Mobile - has returned to growth in the third quarter, albeit by the slimmest of margins.
Sales grew to £1.8 billion - an increase of 0.1% compared to the same period the previous year - due mainly to the firm increasing its number of contract customers by 185,000 and amid strong demand for smartphones. In the second quarter sales were down by 4.8% year-on-year.
Last month the company said it was cutting 7.5% of its 16,000 strong workforce to end duplicated roles following the tie-up between Orange and T-Mobile in the UK earlier this year.