Telefonica O2 CR profits up 10.9% on mobile gains

26 Oct 2007

Czech fixed and mobile operator Telefonica 02 CR yesterday posted a 10.9% rise in its nine-month net profit to 30 September, driven by continued strong subscriber gains at its mobile unit and falling depreciation costs. Net income for the period January-September climbed to CZK7.60 billion (USD402.25 million), up from CZK6.85 billion in the corresponding year-ago period. Revenues for the first nine months of the year climbed 3.3% year-on-year to CZK47.10 billion, with the company’s chairman, Salvador Anglada, reiterating guidance that 2007 revenues would rise up to 3% on the year driven by growing sales of broadband internet services and by the company’s push to sell its broadband internet television service O2 TV.

Czech Republic, O2 Czech Republic (incl. CETIN)