Telecoms giant Telefónica has published results for the first quarter of 2012, including details of the O2 network run by Telefónica UK.
O2 UK ended the quarter with 22.3 million mobile customers, having seen ‘pay monthly’ contract customers increase by 5% to account for 50% of the total mobile customer base. However quarterly revenue fell by 6% year-on-year to 1,719 million Euro, blamed on a difficult trading environment and mobile termination rate cuts.