Customer Growth Helps O2 Revenues

Summary


Mobile operator O2 yesterday raised its revenue growth forecast for its core UK business, as more than half a million new customer additions in Britain helped push its total 14 per cent higher to 34.4 million.

O2, which was acquired by Spain's Telefonica last January, said it now expected UK service revenue growth to be in the range of 14 to 15 per cent for the 11 months to December 31, up from eight to 11 per cent forecast earlier.

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Customer Growth Helps O2 Revenues

The UK operation saw a 14.9 per cent surge in net service reve...

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