Vodafone Australia has published its first-half financial results for FY18, announcing that it has hit 5.98 million mobile customers after adding 294,000 new subscriptions in the last six months. However, Vodafone had begun including Kogan Mobile and Lebara customers in its prepaid customer base as of January 1, after previously classifying them as mobile virtual network operator (MVNO) customers. In the six months to June 30, Vodafone Hutchison Australia clocked a total net loss of AU$92.3 million, which it said was 17 percent higher than the loss recorded for the first half of FY17. The telco partially attributed the loss to its spectrum licence purchases in 2017. Total revenue grew by 7 percent year on year to AU$1.8 billion for the first half of FY18, while earnings before interest, tax, depreciation, and amortisation (EBITDA) reached AU$510 million, a rise of 7 percent. A direct year-on-year comparison without the new AASB15 accounting standard taken into account saw revenue increase by 8.6 percent to AU$1.8 billion, and EBITDA increase by 5.6 percent to AU$504 million. According to the first-half financial results report from Hutchison Telecommunications (Australia) [PDF] (HTAL), Vodafone will spend more than AU$1.3 billion on its network and technology during 2018,… Read full this story
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