Home / Uncategorized / O2 reports strong quarter before merger with Telefonica
Image_42117_tmimage.jpg

O2 reports strong quarter before merger with Telefonica

I wrote two weeks ago about Telefonica’s purchase of O2. Well, O2 is going into the new union in a fairly good position. In the last quarter before the merger, they reported customer growth far ahead of last year. They added 1.75 million customers in the quarter, bringing their total subscriber base to 27.4 million. The rate of growth was 18% higher than the same quarter last year. They are trumpeting the growth of their numbers at a time when other companies aren’t growing as fast, or at all.

Net revenues for the company were up, fueled by a strong Christmas quarter and strong use of text messaging and data usage. There was a note of concern in the otherwise optimistic messaging, though. Average revenue per user fell this quarter as it has been falling over the past year. This isn’t a trend that is likely to reverse, as it is due largely to incentives that it has offered to attract new customers and retain existing customers.

Comments

comments

About T.O. Whenham

Check Also

wii-oculus-rift-hoverboard

Try Oculus Rift And Wii To Roam Around On The Back To The Future Hoverboard

Check out how you can fly in virtual space by using an Oculus Rift and a Wii Balance Board.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

%d bloggers like this: