| CATEGORY: NEWS AND ANNOUNCEMENTS SECTOR: TELECOMMUNICATIONS |
More woe in Japan for Vodafone |
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Mon 07 Feb 2005
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LONDON (SHARECAST) - Vodafone's Japanese arm continues to be a running sore with the latest statistics showing that in January it lost the highest number of net subscribers ever recorded by a mobile operator in the country.
The company also said that its UK chief executive Bill Morrow will become president of the Japanese arm on 1 April, with current president Shiro Tsuda, who was only appointed 2 months ago, becoming executive chairman. Tim Miles, managing director of Vodafone New Zealand, will become chief executive of the UK business.
Vodafone Japan lost a net 58,700 customers on the month, its second monthly decline, to leave it with 15.15m customers in total.
On a gross basis, Vodafone doubled the number of new customers added in the month to 161,000, but a greater number of existing customers cancelled. The company's new 3G service and phones have met a lukewarm response from Japanese consumers.
Vodafone's Japanese business is dwarfed by its two main rivals NTT DoCoMo and KDDI, which have 48m subcribers and 19m respectively.
DoCoMo posted the biggest net increase in subscriptions in January, adding a net 184,400, while KDDI gained 163,700.
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