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April 25, 2015 12:18 PM ET

Wireless Telecommunication Services

Company Overview of EE Limited

Company Overview

EE Limited operates as a digital communications company in the United Kingdom. The company offers 4G mobile services, including voice, messaging, and data services; and fixed voice and broadband services to retail and business customers under the EE, Orange, and T-Mobile brands. It serves 27.1 million customers. The company also sells handsets and related accessories; and provides finance services. EE Limited was formerly known as Everything Everywhere Limited and changed its name to EE Limited in September 2013. The company was founded in 2010 and is based in Hatfield, the United Kingdom.

Trident Place

Mosquito Way

Hatfield,  AL10 9BW

United Kingdom

Founded in 2010

12,566 Employees

Key Executives for EE Limited

Chief Executive Officer and Executive Director
Age: 47
Chief Financial Officer and Director
Chief Marketing Officer of Non-Consumer Mobile
Chief Marketing Officer of Consumer
Chief Customer Officer
Compensation as of Fiscal Year 2014.

EE Limited Key Developments

EE Unveils Two New Smartphones and Two New 4GEE WiFi Devices

EE unveiled two new smartphones and two new 4GEE WiFi devices optimised for EE's double speed network - marking the next phase of its own-brand device roll out. Due to launch on the 28 April for consumers and businesses, EE's second own-branded smartphone, the Harrier, offers outstanding value for money and boasts specs and features typically found on more expensive handsets. The Harrier's slim 8.9mm chassis hosts an Android Lollipop OS, with an Octa Core 1.5Ghz Qualcomm Snapdragon processor providing smooth and seamless multitasking that's associated with some of the most recent devices. Similarly, the Full HD 5.2" display gives unprecedented picture quality for its class, making high definition videos streamed and downloaded over 4G more immersive than ever. Harrier from EE will be available for £199.99. EE is also launching the Harrier Mini, a more compact version of the Harrier handset. Similar in style to the Harrier, the Harrier Mini also features an Android Lollipop operating system with a 1.2 GHz Quad Core processor to ensure even the most demanding apps run smoothly. The smartphone also features a 4.7" HD display and 8MP camera for capturing high quality pictures and video in low light. Harrier Mini from EE will be available for £99.99. EE is also introducing two new 4G WiFi devices which will be available from early May. The Osprey 2 provides customers with a 4G mobile internet hotspot, allowing up to ten devices to connect at any one time. Providing exceptional battery life - with a 5,150mAh capacity allowing users to stream for more than 15 hours uninterrupted - Osprey 2 also acts as a portable battery pack so customers can be confident of never running out of power on their tablet or phone when on the move.

Huawei, Qualcomm and EE Build Global Fast 4G Networks

Huawei declared to complete LTE CAT9 based wireless technology display with EE and Qualcomm, displaying limitless potential of mobile network, customizing audio and visual equipment solutions including 4K high-definition screens and voice frequency, recording download speed surpassing 400Mbps. EE said that English users like video most for 4G applications. Local new 4G network of the company are all supported by Huawei. EE is the biggest and most advanced local digital communication service provider, whose 2G network coverage reached 99% and 3G network 98%. Both sides will team up in building global fast 4G network in the future three years spending GBP 1.5 billion.

EE Limited Announces Audited Consolidated and Company Earnings Results for the Year Ended December 31, 2014

EE Limited announced audited consolidated and company earnings results for the year ended December 31, 2014. For the year, the company reported on group basis revenue of £6,327 million, group operating loss of £152 million, loss before tax of £255 million, loss for the year attributable to the equity holders of the parent of £217 million, net cash provided by operating activities of £1,188 million, amount spent on purchases of property, plant and equipment was £596 million compared to the revenue of £6,482 million, group operating profit of £6 million, loss before tax of £101 million, loss for the year attributable to the equity holders of the parent of £76 million, net cash provided by operating activities of £1,201 million amount spent on purchases of property, plant and equipment was £1,207 million for the previous year. EBITDA was £1,030 million against £1,313 million a year ago. Adjusted EBITDA was £1,589 million against £1,574 million a year ago. The revenue declined with the impact of regulatory rate cuts and prepaid decline partially offset by growth in the postpaid customer base and Home and wholesale divisions. During the year the group continued its capital expenditure programmes. Total expenditure on tangible fixed assets was £475 million against £464 million a year ago. For the year on company basis, the company reported net cash provided by operating activities of £1,186 million against £1,201 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2014
Mainline Communications Group Plc
Merger/Acquisition
December 15, 2014
--
Merger/Acquisition
September 22, 2014
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