Telefonica O2 CR adds 56,500 net new users in Q3

6 Nov 2012

Telefonica of Spain’s Czech fixed and mobile unit says it added a net 56,500 new mobile users in the third quarter of this year for a total of five million by 30 September 2012, compared to net gains of just 29,600 in the previous quarter. The group’s cellular arm said the gains were the result of a focus on reducing churn and driving contract user growth, but despite the sound performance the group’s consolidated revenues fell 3.1% year-on-year to CZK37.75 billion (USD1.92 billion) in 9M12, largely due to lower mobile revenues – down 5.2% at CZK18.53 billion. Telefonica O2 CR’s fixed business also reported declining revenues in the first nine months of this year, with the total falling 6% y-o-y to CZK15.83 billion.

Czech Republic, O2 Czech Republic (incl. CETIN)