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O2 announces Q1 2019 results

Financial results News - Published on Mon, 13 May 2019

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Telefónica UK Limited O2 announced Q1 results for the three month period to 31 March 2019. Mark Evans, CEO, Telefónica UK, said “This is another good set of results building on our momentum from 2018. We have delivered further revenue and customer growth underpinned by our award-winning network and market-leading loyalty. We are committed to making every day better, providing customers with compelling reasons to join and stay with us through attractive propositions such as O2 Custom Plans. 2019 is an exciting year for O2. In addition to progressing our 5G plans, we are working to establish an industry-led shared rural network for the benefit of consumers and businesses across the UK. This demonstrates our commitment to invest for the future with mobile connectivity one of the UK’s most powerful opportunities to strengthen the economy and improve the lives of British people.”

Highlights

Continued revenue growth, total revenue up 5.3% YoY

Further OIBDA growth to GBP 440 million, up 3.4% YoY

Continued customer growth and sector leading loyalty

Market leading contract churn at 0.9%

Total base increase to 32.7 million (up 2.3% YoY)

Continuing investment of over GBP 2 million a day in award winning network; further progress made in preparation for 5G launch

Multi-million pound network investment in high footfall public spaces announced

Mark Evans, CEO, Telefónica UK, said “This is another good set of results building on our momentum from 2018. We have delivered further revenue and customer growth underpinned by our award-winning network and market-leading loyalty. We are committed to making every day better, providing customers with compelling reasons to join and stay with us through attractive propositions such as O2 Custom Plans. 2019 is an exciting year for O2. In addition to progressing our 5G plans, we are working to establish an industry-led shared rural network for the benefit of consumers and businesses across the UK. This demonstrates our commitment to invest for the future with mobile connectivity one of the UK’s most powerful opportunities to strengthen the economy and improve the lives of British people.”

Source :

Posted By : TelecomGuru on Mon, 13 May 2019
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