Tango announced on Wednesday that its turnover for the first quarter of 2016 has remained stable from the same period last year at €31 million.

This +0.1% growth from the first three months of 2015 was said to have changed from the growth trend posted for the prior four quarters due to a decrease in prepaid stock and fewer device sales.

Over a one-year period, Tango recorded 10,000 active postpaid quarters, 2,000 of which were added in the first quarter of 2016, whilst the end of anonymity on prepaid users saw a significant loss of 7,000 prepaid cards over the first three months of 2016. However, growing smartphone susbscriptions meant that the first quarter average revenue per user (ARPU) sustained a year-on-year increase of 3.3%, standing at €28.4. This offset a lower volume of mobile devices sold compared to the first quarter 2015.

The current mobile customer base of 283,000 customers is down 1.2% compared to the first quarter of 2015, which Tango attributed to regulation changes, whilst the mobile subscription base managed to rise by 10,000 customers over the same period.

According to the telecommunications company, the Internet and TV customer bases have continued their upward trajectory, growing 12.7% and 29.8%, respectively, compared to the first quarter of 2015.

"At the end of several months of two-figure growth, Tango’s results are stabilising and have reached 31 million for the first quarter of 2016," commented Jean-François Willame, Tango managing director. "These good results are also marked by changes to the composition of our customer base where the influence of prepaid customers is falling, due to the new regulations, but the slack is being taken up by our TV, Internet and mobile subscriber customers, the number of which is constantly growing. The second quarter is expected to continue this momentum, along with a piece of good news for consumers, i.e. the drop in the cost of roaming communications, thus encouraging users to share even more, even when they are abroad."

 

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