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UPDATE UK ISP O2 and BE Slowly Tops 600k Broadband Subscribers

Posted: 14th May, 2010 By: MarkJ
o2 logoUK ISP O2 ( Be Broadband ) has released its latest results to the end of March 2010, which saw their total fixed line broadband subscriber base climb from 591,514 in Q4-2009 to 600,000 632,400 (+56.3% year-on-year growth). However the passing of this milestone would appear to mask a slowdown in O2's broadband uptake.

Trading Statement Quote

Total mobile customer base (excluding Tesco Mobile) increased 4.6% year-on-year to reach 21.4 million customers, driven by the strong expansion in the contract segment (+12.1% year-on-year). The significant improvement in the quality of the base should be highlighted, with an increasing take up of smartphones. The Company’s wireline retail broadband Internet accesses reached 0.6 million lines at the end of March 2010 (+56.3% year-on-year).

Despite continuing to receive high praise from most consumer surveys, O2's broadband growth has actually declined and not by a small amount. For example, in Q3-2009 they had 527,126, rising to 591,514 (+64,388) in Q4-2009 and now 632,400 (+40886) in Q1-2010. Hopefully their new Home Phone bundle can turn things around.
Full Telefonica (Parent Company) Report (PDF):
UPDATE 12:38pm

Managed to get some more precise figures from Telefonica showing 632,400 instead of 0.6m (600,000) as in their primary release results. Still slowing down but not nearly as bad.
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