TELECOM Digest OnLine - Sorted: UK Mobile Company O2 Reports Strong Growth

UK Mobile Company O2 Reports Strong Growth

Monty Solomon (
Tue, 15 Nov 2005 00:20:19 -0500

By JANE WARDELL AP Business Writer

LONDON (AP) -- British telecommunications company O2 PLC on Monday
reported strong growth in customer numbers and a higher profit in its
final set of interim results as an independent company.

O2 last month agreed to an 18 billion pound ($31.5 billion) takeover
by Telefonica SA, the Spanish telecom powerhouse that has been
expanding in Latin America and Eastern Europe.

In line with takeover rules, O2 did not comment on the progress of the
offer Monday, but did confirm that it had not received any rival bids
since the Telefonica offer was announced.

O2 said its profit in the six months to Sept. 30 increased 4.2 percent
to 350 million pounds ($611.8 million) from 336 million
pounds. Revenue increased 12 percent to 3.6 billion pounds ($6.3
billion) from 3.2 billion pounds.

The company also said that it increased its customer base 17 percent
to 25.7 million from 22 million a year ago.


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