Feeds

O2 ups revs and punters

Churn down

Beginner's guide to SSL certificates

O2 - which has agreed to the acquired by Spain's Telefonica for £18bn - continues to attract new punters to its service, helping it post increased revenues for the six months to September.

The UK-based cellco's total number of customers stood at 25.7m - up 17 per cent compared to last year - thanks in part to a 34 per cent jump in numbers in Germany. But customer numbers were also buoyed by O2's ability to hold onto existing punters and stop them from switching cellcos.

Over the same period turnover grew 12 per cent to £3.6bn from £3.2bn with H1 pre-tax profits climbing to £357m from £339m.

According to analysts Ovum, these results will be "of more interest to Telefonica and its shareholders, than to O2 shareholders".

"The results demonstrate continuing good progress by O2 in its three country markets (UK, Germany, Ireland).

"Looking ahead, O2 expects growth of its UK business to be in the 6-9% range for the year with a stable EBITDA (earnings before interest etc) margin, while growth in its German business will continue to be 'strong'", said analysts.

By mid morning shares in O2 were up a smidgen (0.25p) at 195.75p. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.