mobiletech
27 Million Subscribers for O2
Filed in archive Mobile Society by tom on January 23, 2006
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O2 has recently published its final set of key performance indicators, prior to finalisation of the acquisition by Spain's Telefonica. The report shows strong growth for O2, with a 12% year on year growth for O2 UK, whilst the German arm managed 17%.

Peter Erskine, Chief Executive of O2 plc, commented:
"The strong momentum in all O2's businesses was sustained through the third quarter. Across the group we added 1.75 million customers, taking the total base to 27.4 million, 18% higher than last year.

We were particularly pleased by our performance in the UK contract market, where we added 274,000 net new customers, growing the base by 13% year-on-year. We also saw a significant fall in both contract and pre-pay churn, driven by our O2 Rewards initiatives.

Our rapid customer growth continued in Germany, with 823,000 net new customers added in the quarter, and 32% year-on-year growth taking the total base to 9.77 million. This growth was maintained in an increasingly competitive market, which contributed to lower contract ARPU, but the strength of the brand and a range of new propositions continued to attract high-value customers to O2. Our Tchibo joint-venture added 153,000 customers.

As we approach completion of the acquisition of O2 by Telefonica, all our businesses are performing well, and we look forward to maintaining momentum as part of Telefonica."
In addition, O2 added almost 2 million new customers in the last 3 months of 2005, bringing total subscriber numbers to almost 24 and a half million.

You can check out the entire KPI by downloading a PDF from O2's corporate site.

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