O2 Q3: Government contracts and b2b focus drives growth

O2 Q3: Government contracts and b2b focus drives growth

O2 has said that a focus on b2b and Government contracts helped drive growth in a positive quarter for the network.

The operator saw its total number of mobile customers grow 3% year-on-year to 24 million. Net additions stood at 319,000 which was the highest quarterly figure in the past two years.

Contract net additions totalled 209,000 in the quarter whilst the prepay base grew by 110,000 which O2 said was a result of the ‘Big Bundles’ tariffs launched at the end of May.

Revenue for the operator was up 2.3% year-on-year.

The brand said that its ‘No 10’ tariff had helped it to win public sector contracts at a rate of two per week. The brand also said it had secured a number of deals with private sector firms, following its £20m investment in b2b services in October.

O2 maintained its impressive contract churn which stood at 1.0% excluding M2M.

The operator’s capital expenditure stood at £158m for the quarter up 9.6% year-on-year with ongoing 2G and 3G network enhancement and 4G roll out.

Ronan Dunne CEO for Telefónica UK said: ‘We have delivered another successful quarter with strong customer growth, positive revenue growth and continued market-leading customer loyalty. We’re the trusted provider for many businesses and organisations in both the public and private sectors helping them thrive in an increasingly digital Britain. We will continue to give all of our customers every reason to stay with us through our innovative products and services and the experiences that only come with being part of the O2 family.’

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