O2 now has more than 25m customers, the network’s third quarter results revealed.
The operator added 224,000 customers for the quarter, with churn at an all-time low of 0.9%.
The contract customer base was up 5.5% year-on-year with 138,000 additions for the quarter. In the prepay space the network added 30,000 customers.
Revenue for the Telefonica-owned brand was up by 1.2% year-on-year with mobile service revenue growth increasing by 4.2%
Three merger looms
The steady financial performance from O2 comes in the wake of the European Commission’s decision to take an in-depth look at the potential takeover of the network by Three’s owners Hutchison Whampoa.
O2/Three deal faces in depth review by Euro watchdog
The Commission said that it was concerned that competition could be adversely affected by the takeover. A fear shared by the UK’s Competition and Market’s authority who have also asked to examine the deal.
O2 said that its business unit was boosted by the launch of ‘Business Essentials’ described as being the first flexible business contract on the market, it allows small businesses to change their device, airtime and business apps at any time.
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The network said that it was the fastest growing operator in the public sector with a 40% share accounts in the local and central government. O2 secured a number of significant contracts winning the accounts of TFL, NSPCC, West Yorkshire Police, Liverpool City Council and Crown Prosecution Services.
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