Three says ‘structural change’ is needed in UK telecoms sector

UK operator Three clocked a modest revenue bump of 3% in 2022, but it says the cost of building out network infrastructure in the current system is unsustainable, as merger talks with Vodafone roll on.
Three’s revenue was up 3% to £2.5 billion for the year ending December 31 2022, and margin grew by 6% 1.53 billion. The operator attributes this to growth in the customer base, which was up 6% to 10.3 million customers during the period. The Three network itself now covers 99% UK outdo