Company

Telefónica / O₂ delivered record revenue and operating profit in the first half of fiscal year 2021. Based on the strong operational and financial momentum in the first half of the year, the company raises its guidance for fiscal year 2021.

Telefónica / O₂ got off to a good start in the 2021 financial year. Despite headwinds from COVID-19 effects, the company grew profitably in the first quarter of 2021. Driven by continued strong operating momentum across all businesses, revenues increased 0.2 percent to 1.85 billion euros and adjusted operating income OIBDA grew 5.5 percent to 562 million euros.

Telefónica Deutschland / O₂ closes the financial year 2020 with a strong performance during the overall economic recession. Thanks in particular to strong interest in higher-value mobile and fixed-network products from the core O₂ brand, customer base and data volumes increased significantly. As a result, the company was able to increase its revenue and operating results (OIBDA). In terms of revenue and mobile customer accesses, the company grew faster than the competition. Telefónica Deutschland / O₂ has fully achieved its targets and confirms its medium-term growth objectives.

Michael Falkensteiner (37) will take up the post of Director Brand & Marketing Communications at Telefónica Deutschland / O₂ on February 1, 2021. In this role, he will be responsible for the core brand O₂ as well as the secondary brand BLAU and will report to Wolfgang Metze, Member of the Management Board responsible for private customers.

Telefónica Deutschland / O₂ still aims deliver minimum cumulated revenue growth of five percent between 2020 and 2022 and sustainably improve its profitability | Investment plan for the period of 2020 to 2022 continues | Over 30 per cent 5G coverage in Germany by the end of 2021 and nationwide 5G network by 2025 | Active sharing agreed with Deutsche Telekom and Vodafone in so-called "grey spots" in rural areas | Telefónica Deutschland / O₂ invests proceeds from sale of rooftop sites to Telxius mainly in infrastructure and business development | Progressive digitalisation reduces costs and increases revenues

Telefónica / O₂ and Deutsche Telekom plan to close several hundred so-called grey spots in 4G network coverage for their customers before the end of the year. At the sites, the partners will share active network technology. Unlike previous collaborations such as site sharing or the operator agreement to close white spots, no second separate radio technology or additional antennas need to be installed in this approach. The two companies have now signed a corresponding letter of intent.

Telefónica / O₂ and Vodafone want to close several hundred so-called grey spots in the 4G network coverage for their customers before the end of the year. At the sites, the partners will share active network technology. In contrast to previous cooperations such as site sharing or the operator agreement to close white spots, this approach does not require the installation of a second separate radio technology or additional antennas. A corresponding letter of intent has now been signed by both companies.