EE becomes biggest 4G LTE supplier in Europe with 284% customer increase in 2014

Telecommunications company EE has become the largest 4G operator in Europe after it managed to increase its customer base by a staggering 284% in 2014.

It now supplies 4G to some 7.7 million people across the continent.

However, this was not enough to dramatically improve its earnings before interest and tax (EBITDA), which rose by just 1% in its financial results to bring in £1.6bn.

Olaf Swantee, Chief Executive Officer of EE, said: "Over the past three years we have transformed our company into a clear market leader – EE – with the UK's undisputed best network.

We have achieved our goals of maintaining revenue leadership, generating £3.5bn in savings to reach a 25% adjusted EBITDA margin and building the UK's best network with Europe's largest number of 4G customers."

EE is set to come under new ownership after BT finalised a deal to buy it from its parent companies Orange and Deutsche Telekom for £12.5 billion.