T-Mobile UK, the British mobile phone subsidiary of Deutsche Telekom, has reported a double- digit increase in its subscribers and profits in 2004.
It increased its customer base by around two million to 15.7 million in 2004, with its adjusted earnings up 26 per cent to £925 million.
The subscriber numbers included customers from Virgin Mobile Holdings, the 'virtual' operator that piggybacks on T-Mobile's UK network. But under pressure from
Hutchison's "3" network, core earnings at T-Mobile UK fell nine per cent in the fourth quarter, which made the international division miss analyst forecasts.
"The slight weakness at TMobile is due to Great Britain where they apparently fell victim to Hutchison," said analyst Frank Rothauge.