New Street Vodafone Hutchison Australia: FY19 results: Huge mobile network capacity expansion ahead
VHA reported a poor FY19 (Dec YE) result with a 5.8% decline in underlying EBITDA to A$1,037m (ex AASB16). Although mobile market competition stabilised in 2H19, ARPU declined 4.9% as a carry-over from 2H18 and 1H19 and subscribers fell as VHA managed utilization on its capacity-constrained mobile network.
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