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Last Updated: Wednesday, 18 May, 2005, 06:28 GMT 07:28 UK
Customer increase helps 02 profit
O2 launch
A company restructuring has given O2 profits a boost
Mobile phone operator O2 has reported that full-year profits more than trebled as it signed up new customers in the UK, Ireland and Germany.

Pre-tax profit in the 12 months to 31 March was 309m ($566m; 499m euros) from 95m a year earlier. Sales rose to 6.68bn from 5.65bn.

Europe's sixth-biggest mobile operator said its customer base increased by 3.26 million to 23.96 million.

O2, which was earlier called MMO2, split from UK phone group BT in 2001.

"Last year our mobile businesses in the UK, Germany and Ireland all delivered strong, profitable customer growth," said chief executive Peter Erskine.

He said, however, that there was a "background of intense competition in all our mobile markets".


SEE ALSO:
Deadline looms for MMO2 investors
09 Mar 05 |  Business
Decision time for MM02 investors
24 Feb 05 |  Business
MMO2 ready to launch 3G services
27 Jan 05 |  Business
MMO2 offers small investor buyout
12 Jan 05 |  Business
EU probes mobile phone call costs
10 Dec 04 |  Business
3G phones 'bad value' says Which?
02 Dec 04 |  Business
MMO2 looking to 3G as sales grow
17 Nov 04 |  Business


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