O2 and Vodafone continue to grow 4G networks

O2 and Vodafone continue to grow 4G networks

The number of options being made available for consumers and businesses across the UK in terms of 4G has been boosted by the rapid development of the networks from both Vodafone and O2.

O2, which is the second-largest mobile operator in the country, has been particularly successful with its implementation, adding more than 303,000 extra users in the third quarter of the year and returning to revenue growth after over a year of declines.

In fact it was the best quarter of revenue for the firm since the end of 2011, signalling a comeback from the regulation and squeeze on consumer spending that led to a decline in sales last year and into 2013.

Before the introduction of 4G, regulatory costs such as cuts to roaming and call termination charges had initially offset the booming use of smartphones across the country.

Revenues for the July to September quarter grew by 3.1 per cent to  £1.47 billion, with profits up 3.7 per cent at £374 million.

Chief executive Ronan Dunne has so far refused to comment on the exact number of users that had signed up for the operator's 4G services, but did say that the average customer pays between eight and ten per cent extra.

O2 is not the only network that has looked to make strides in improving its 4G offering for customers.

Vodafone has confirmed that it is keen to transform its presence in London with £150 million plan that will help to not only extend its 4G offering, but also improve its 3G coverage too.

The venture, which has been named Project Metropolis by the firm,  will see the number of masts increase by 30 per cent, which will allow it to further reduce the number of dropped calls experienced by some customers.

Much of the money being used to fund the project will be used from the proceeds of Vodafone's sale of its 45 per cent stake in Verizon Wireless.