Telecommunications provider O2 Telefónica closed the 2023 financial year with a strong fourth quarter. Revenue increased by 4.7 percent to 8.614 billion euros and the operating result OIBDA by 3.1 percent to 2.617 billion euros. The company thus exceeded its own expectations for the 2023 financial year in terms of both revenue and operating result OIBDA.
Telecommunications provider O₂ Telefónica is equipping the new multifunctional SAP Garden sports arena in Munich with a modern 5G network. Sports fans at the 11,500-seat venue in Munich's Olympic Park, the new home of Red Bull Munich's ice hockey team and FC Bayern Munich's basketball team, will benefit from high data transfer rates and short response times when surfing the O2 network.
30 years of connect network test, 25 years of O2 network and a very good network quality for customers: The O2 mobile network once again receives the grade “very good “ in the 30th network test by the telco magazine connect.*
O2 Telefónica is expanding its international network coverage for the Internet of Things (IoT) for its business customers. This is made possible by the new partnership with the IoT satellite operator OQ Technology.
O2 Telefónica and Skylo Technologies, a leading provider of satellite-based telecommunications for the Internet of Things (IoT), have partnered for global IoT connectivity. Skylo's so-called Non-Terrestrial Network (NTN), which transmits from space, can complement networks on Earth and help fill coverage gaps. Currently, special terminals are needed to communicate with satellites. In the future, integrated 5G radio modules can seamlessly switch between terrestrial and non-terrestrial networks.
The telecommunications provider O2 Telefónica continued the growth momentum of the previous quarters in the second quarter of the 2023 financial year and again grew profitably across the board. Revenues increased by 4.4 per cent to 2.091 billion euros. Mobile service revenue increased by 4.3 percent to 1.463 billion euros. Handset revenue increased by 6.1 per cent to 419 million euros. Fixed line revenue climbed by 2.1 per cent to 206 million euros.
Telecom provider O2 Telefónica and network equipment supplier Ericsson are taking the next development step for advanced 5G networks: The companies have implemented the first Ericsson Cloud RAN solution in Europe's mobile network. The novel Cloud RAN architecture virtualizes parts of the radio access network (RAN). In the Wayra Innovation Hub - the start-up accelerator of O2 Telefónica in Munich - the companies successfully implemented a practical use case with a so-called "data shower".
EU field tests trial digital identities by end of 2024 | French-German-led consortium POTENTIAL responsible for pilot projects | Digital identity to activate mobile phone contract and securely unlock SIM card | Mobile operators begin test in Germany, France, Austria, Poland, Netherlands, Greece and Ukraine
Deutsche Bahn (DB), network equipment supplier Ericsson, telecommunications provider O2 Telefónica and cell tower operator Vantage Towers are working together to develop a solution that would establish an extensive 5G mobile communications infrastructure along train tracks in Germany.
After the company's Annual General Meetings had been held in a virtual format in the past 3 years due to COVID-19 restrictions, this year the company's Annual General Meeting was again held in physical presence.
Telecommunications provider O2 Telefónica again saw strong demand for telecommunications services and products in the first quarter of 2023, increasing its revenue strongly by 8 percent to 2.101 billion euros. The strongest growth drivers were mobile service revenue, up 4.2 per cent to 1.408 billion euros, and a record quarter for hardware revenue.
A significant plus compared to last year: O2 achieved the overall grade "very good" in this year's mobile operators hotline test of the German telco trade magazine "connect" and improved to "outstanding" in the category "accessibility "*.
On April 5, 2023, the mobile communications brand O2 will pack more performance for a fair price into the new O2 Mobile tariffs. In addition to higher data volumes and surfing speeds, new customers on the Gigabyte tariffs plans benefit above all from the Grow advantage.
The new prepaid portfolio of the mobile communications brand O2 will be launched on April 5, 2023. New customers will then benefit from more service for a fair premium : they will receive up to 5.5 gigabytes more data volume and a surfing guarantee at a speed of 384 kbit/s.
O2 Telefónica exceeds targets for three-year "Investment for Growth" strategy programme | Continued operational momentum accelerates growth in revenue (+5.9 percent) and OIBDA (+5.3 percent). Revenue climbs above the 8 billion euro mark for the first time | Number of mobile contract lines increases by more than 1.2 million thanks to the strong core brand O2 | Strong network expansion momentum meets expansion obligations and already delivers 5G coverage to more than 80 percent of the population | O2 Telefónica confident about 2023 financial year and plans to continue growth trajectory; revenues and OIBDA adjusted for non-recurring items expected to grow by low single-digit percentage year-on-year