Atlantic Telecom Grp - Interim Results
October 29 1998 - 2:30AM
UK Regulatory
RNS No 9582v
ATLANTIC TELECOM GROUP PLC
29th October 1998
ATLANTIC TELECOM GROUP PLC
TELECOMMUNICATIONS OPERATING STATISTICS FOR THE SIX-
MONTHS
ENDED 30 SEPTEMBER 1998
The Board of Atlantic Telecom Group PLC ("Atlantic" or
"the Group") is pleased to announce the Group's
telecommunications operating statistics for the six-
months ended 30 September 1998.
The total lines installed and pending installation at 30
September 1998 was 40,005 an increase of 4,684 in the
quarter since 30 June 1998.
The operating statistics are summarised below. The detail
is attached:-
At 30 Sept. At 30 June
1998 1998
a) Atlantic Telecommunications Ltd
Lines installed and pending
installation* 23,753 20,083
b) Logicall Telecommunications Ltd
Lines installed and pending
installation 16,252 15,238
40,005 35,321
* Includes both direct and indirect installations and
pending installations
The average revenue per business customer per month on
the Fixed Radio Access ("FRA") networks has been stable
and has averaged #89.06 per month over the six-month
period. Business churn has increased to 15.12% on an
annualised basis. Although up on last quarter, the
calculation is based on relatively low numbers and it is
encouraging that the increase is caused entirely by very
small businesses, some of whom have moved out of
coverage, which are being replaced with more substantial
business customers. The average revenue per residential
customer per month on the Glasgow network has remained
steady and has averaged #35.81 per month over the six-
month period. Churn in the residential market has
remained stable at 16.44% in the six-month period
calculated on an annualised basis.
The most important feature of the statistics this period
was the launch of commercial service in Aberdeen on the
last day of the period, with 15 operational base
stations. During late July, we also brought 4 base
stations in Greater Glasgow into service, taking the
total in service across the networks to 61. The detailed
statistics attached, show total homes and businesses
passed and the total customers and customer lines across
all networks. Due to service having only just commenced
on 19 of the base stations, the overall penetration rate
has fallen. However there is continuing growth on the
Glasgow City network, where underlying penetration has
increased to 3.62%, and Aberdeen has had a very
encouraging start.
Logicall
Logicall Telecommunications Limited continues to make progress
and its lines have increased from 15,238 at 30 June 1998 to
16,252 at 30 September 1998. The "Crest" indirect residential
service has had a record quarter and has seen its lines increase
by 1,068, more than double the growth of last quarter, to reach
5,583 at 30 September 1998.
Commenting, Graham J Duncan, Executive Chairman stated:
"This quarter has been one of the best ever achieved since we
launched our telecommunications services two years ago. In
addition, having successfully raised further funds on the public
markets seven weeks prior to the period end, we are extremely
well placed to achieve the Group's further expansion plans."
ENQUIRIES
Graham J Duncan
Executive Chairman
Atlantic Telecom Group PLC
Tel: 01224 454000
http://www.atlantic-telecom.co.uk
ATLANTIC TELECOM GROUP PLC
Certain Operating Data
The following table sets forth certain data concerning the
Group's telecommunications operations as of and for the six-month
period ended 30 September 1998, for the three-month period ended
30 June 1998 and for the year ended 31 March 1998.
As of and for the periods ended
31 March, 30 June, 30 Sept,
1998 1998 1998
Direct Telecommunications (Atlantic
Telecom FRA Service)
Residential Customer Data
Estimated residential homes passed (1) 200,000 200,000 283,167
Residential customers 5,684 6,550 7,533
Residential customer lines (2) 10,637 12,408 14,648
Penetration rate of estimated residential
homes passed (3) 2.8% 3.3% 2.5%
Average lines per residential customer (4) 1.87 1.89 1.94
Average monthly revenue per residential
customer (5) #35.60 #35.80 #35.81
Residential customer churn (7) 16.99% 16.09% 16.44%
Business Customer Data
Estimated business premises passed (1) 21,000 21,000 26,186
Business customers 951 1,040 1,084
Business customer lines (2) 2,945 3,160 3,522
Penetration rate of estimated business
premises passed (3) 4.5% 5.0% 4.1%
Average lines per business customer (4) 3.10 3.04 3.25
Average monthly revenue per business
customer (6) #89.63 #91.81 #89.06
Business customer churn (7) 9.82% 10.30% 15.12%
Network Data
Number of base stations 42 42 61
Indirect Telecommunications (Atlantic
Telecom Crest Service)
Residential customers 3,922 4,331 5,319
Residential customer lines (2) 4,030 4,515 5,583
Average lines per residential
customer (4) 1.03 1.04 1.05
Average monthly revenue per
customer (5) #11.59 #10.62 #9.46
Least-Cost Routing (Atlantic Logicall)
Business customers 393 436 564
Business customer lines (2) 13,471 15,238 16,252
Average lines per business
customer (4) 34.3 34.9 28.8
Average monthly revenue per
business customer (6) #955.35 #876.91 #884.70
Average monthly revenue per
business line (6) #37.72 #39.62 #38.43
TOTAL TELECOMMUNICATIONS LINES 31,083 35,321 40,005
(1) Estimated homes passed or estimated business premises
passed is the Company's estimate of the residential homes or
business premises seen by the FRA networks which are capable
of connection to a base station excluding certain multiple
dwelling units which the Company does not presently serve.
(2) Residential or business customer lines represent the
number of lines which are connected and in service, and the
number of lines for which customers, where applicable, have
paid for service in advance but are not yet connected.
(3) Penetration rate of estimated homes or estimated business
premises passed is calculated by dividing the number of
residential customers or business customers on the given date
by the estimated homes or estimated business premises passed
as of such date, expressed as a percentage.
(4) The average lines per customer is calculated by dividing
the number of lines on a given date by the number of customers
on that date.
(5) The average monthly revenue per residential customer is
calculated by dividing (a) line and equipment rental, outgoing
call charges and incoming call charges for the period by (b)
the average number of active customers (calculated as a simple
average of the number of active customers at the beginning and
end of each month during the period) and dividing that amount
by the number of months in the period covered.
(6) The average monthly revenue per business customer or per
business customer line is calculated by dividing (a) line and
equipment rental, outgoing call charges and incoming call
charges for the period by (b) the average number of active
business customers or lines (calculated as a simple average of
the number of active customers or lines at the beginning and
end of each month during the period) and dividing that amount
by the number of months in the period covered.
(7) Churn is calculated by dividing net disconnections (total
disconnections less the number of disconnected accounts for
which service is later restored and disconnections for
customers moving premises and reconnecting at their new
premises) in a period by the average number of customers in
the period (calculated as the simple average of the number of
customers at the end of each month during the period). Churn
for the six months ended 30 September 1998 is annualised by
multiplying the amount calculated as above by 2. Churn for the
three months ended 30 June 1998 is annualised by multiplying
the amount calculated as above by 4,
END
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