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Telefónica UK Announced Q3 Result

Financial results News - Published on Thu, 07 Nov 2019

Image Source: cellwize
Telefónica UK Limited announced Q3 results for the three month period ended 30 September 2019. Mr Mark Evans CEO of Telefónica UK said that “As the UK’s largest network, we’re proud of our ability to keep attracting and retaining customers, which ensures a healthy business and drives both top and bottom line growth. Our Q3 performance continues the strong momentum we saw in the first half of the year, powered by a relentless focus on our customers through award-winning coverage and great offerings such as flexible Custom Plans and limitless data. We’re moving at pace with our 5G rollout, already live in six UK cities rising to twenty by the end of the year. 5G offers critical support to the UK’s digital economy, supporting jobs and growth. That’s why we welcome Ofcom’s recent statement updating the rules for the planned auction of more 5G airwaves. This will help operators to deliver greater value and better connectivity to the public.”

Financial highlights
1. Total revenue growth up 4.1% YoY
2. Ongoing OIBDA growth to GBP 489 million, up 5.7% YoY
3. Continued customer growth, with sector leading loyalty:
Total customer base grew to 34.1 million, an increase of 5.6% YoY
Customer growth across all segments
Lowest contract churn in the sector at 1.0%

Operational highlights
1. O2 5G technology to power driverless cars in London
2. Limitless data launched across O2 Custom Plans and SIM-only contracts
3. Launch of O2’s 5G network and pivotal role in industry agreement on shared rural network

Source :

Posted By : TelecomGuru on Thu, 07 Nov 2019
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