News Articles

Friday, May 13, 2011

Telefonica Europe reports 'strong' quarter, thanks to O2 in UK and Germany

O2Telefónica Europe has announced its Q1 2011 results, with customer numbers reaching 57 million and income up 6.3%.

The UK part of the business - which trades as O2 - saw an increase in customers to 22.3 million mobile users plus an additional 2.6 million using Tesco Mobile. Smartphones accounted for 82% of total sales and upgrades in Q1, bringing smartphone penetration to 33% for O2 UK.

Matthew Key, Chairman and Chief Executive of Telefónica Europe, said “Telefónica Europe’s continued focus on delivering outstanding customer experience resulted in a strong financial performance in the first quarter of 2011. Our mobile data strategy is paying off, evidenced by four out of five new contract customers in the UK and Germany opting for smartphones, and 30% year-on-year growth in non-SMS data revenues. At the end of March 2011, Telefónica Europe’s total customer base reached 56.9 million - an increase of 5.6% year-on-year -driven largely by ongoing growth in mobile internet usage and the mobile contract segment, which accounted for nearly 450,000 net additions in the first three months of 2011. Reported revenues reached 3,892 million euros in the first quarter, driven by accelerating growth in Germany and a solid performance in the UK.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Networks and operators, NewsNumber of views: 5403

Tags: o2 uk telefonica germany

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«June 2024»
MonTueWedThuFriSatSun
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567

Archive

Terms Of Use | Privacy Statement