GO plc – Interim Directors’ Statement

GO plc announced that the telecommunications market within which the Company and its subsidiaries (the “Group”) operate continues to be highly competitive and heavily regulated. Whilst the Group continues to perform well, growing its overall client base which exceeds 500,000 customer connections, average revenue per user  (ARPU) continues to suffer, leading to a marginal reduction in retail revenues. Revenues are also being negatively impacted as a direct consequence of regulation, which is aggressively driving down fixed line and  mobile voice termination rates.

To view the official company announcement, click here.