O2 customer growth slows since March

O2 customer growth slows since March
O2 UK added 34,000 net new customers in the three months to 30 June, taking the base to 17.8 million, 5.8% higher than at the same time last year.

Total revenues in the period were €1.8bn, an increase of 10.6% compared with the same period of last year.

For the six months to 30 June 2007, total revenues were €3.6bn, an increase of 32% compared with the five-month period to 30 June 2006. On a like-for-like basis, total revenue growth was 10.4%.

O2 UK's broadband unit Be had rolled out to over 770 exchanges by the end of the quarter, giving its broadband network a population coverage of almost 50%, with 31,000 customers.

Capex in the second quarter was €182m.

In Ireland, revenues for the six-month period to 30 June were €487m, an increase of 23.1% compared to the five-month period to 30 June 2006.

For O2 Ireland, an exceptional charge of €2.8m was related to the restructuring of various departments within the business and the costs associated with the integration of the O2 Retail head office into corporate headquarters.

O2 Ireland's gross connections were at a broadly similar level to the second quarter last year. At the end of June, the total customer base was 1.6 million customers, 2.1% higher than at the same time last year.


Written by Mobile Today
Mobile Today

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