O2 beats analysts’ expectations in fiscal 2Q

14 Nov 2005

UK-based mobile group O2 beat analysts’ expectations to record a 15% rise in EBITDA for its fiscal first half of the year, up to GBP975 million (USD1.7 billion), on the back of a 12% increase in revenues to GBP3.615 billion. O2, which recently agreed to a GBP17.7 billion takeover by Spain’s Telefónica, saw its total customer base grow by 17% year-on-year to 25.7 million at 30 September 2005. O2 said 470,000 new customers were signed up in its domestic market in the three months to the end of September, whilst 558,000 were added in Germany. However, ARPU in both markets remained flat. O2 Ireland added 40,000 users in three months and reported a EUR2 increase in blended quarterly ARPU.

United Kingdom, O2 Ireland, O2 UK, Telefonica Deutschland Holding, Telefonica O2 Europe