European mobile in Q3 2016: Nearly growing | Dec 2016

Sectors: 
Non-UK Telecoms
Mobile
Telecoms
Companies: 
EE
France Telecom
Hutchison 3G
Iliad
O2
Orange
SFR
Sky
Telecom Italia
Telefonica
Vodafone

European mobile service revenue growth recovered to nearly reach positive growth in Q3, improving a whole percentage point over the previous quarter to -0.2%

The main driver of the improvement was continued ‘more for more’ price increases combined with a lack of price wars at the lower end, although the current detente does not feel very stable. Furthermore, the pressure on growth from the general trend towards SIM-only and the consequent lower contract revenue looks unlikely to alter

Revenue growth of around zero as almost achieved this quarter is sufficient for the operators to grow the bottom line, but not to transform their network coverage in the style envisaged by 5G enthusiasts – more substantial growth is needed to cover the costs of such a step-change

Access European mobile in Q3 2016: Nearly growing