Vodafone Hutchison Australia (VHA) has seen its revenue decrease by 3%, mobile customer base shrink by 5%, and its net loss blow out from AU$124 million last year to AU$279 million for its 2019 full year.
On the positive side, the company grew its fixed-line broadband customers to 114,000 and posted a 7% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to AU$1.18 million.
The company used its full-year results to announce it would switch on its first 5G site "within weeks". The company said in December it had moved from using its LTE equipment provider Huawei to Nokia for its 5G network, with its first site to be in Parramatta. Vodafone has 650 5G sites currently "in progress". It added its commercial launch of 5G would occur in "mid-2020" and that it has plans to build several thousand sites in the coming years.
Read more: https://www.zdnet.com/article/vodafone-australia-to-switch-on-5g-within-weeks/
