O2 Czech Republic FY results up slightly

Tuesday 30 January 2018 | 17:20 CET | News

O2 Czech Republic increased its revenues by 0.5 percent in 2017 to CZK 37.7 billion in 2017, and EBITDA rose 0.6 percent to CZK 10.5 billion. The EBITDA margin was unchanged year-on-year at 27.9 percent. Net profit increased by 6.2 percent to CZK 5.6 billion, which included also the proceeds from the sale of O2's share in the company Taxify.

The decreasing revenues from the traditional core business and the negative impact of the roaming regulation were offset by the introduction of new services, such as unlimited internet for home and the Wi-Fi router O2 Smart Box, the operator said. Thanks to the increase in LTE coverage and the group tariff O2 Together, the mobile data consumption increased by 106 percent year-on-year.

The main investments during the year included the extension of the O2 brand rights and acquiring new frequency licences. In Slovakia, the group invested in a massive development of the LTE network to become a market leader in coverage.

As of the end of 2017, the total number of mobile customers reached 4.94 million, which was the same as at the end of 2016. The contract customer base increased by 2.2 percent to 3.43 million. The share of contract customers reached 69.4 percent, which was an increase of 1.5 percentage points year-on-year. Some 1.51 million were pre-paid customers.

The number of mobile internet users increased by 25.3 percent to 2.23 million.

Some 63 percent of devices on the O2 network were smart devices, and 46 percent of devices supported LTE.

The number of customers at O2 TV, provided over the fixed network, reached 237,000, including both IPTV and OTT services. That represents a 7.5-percent year-on-year increase.

The number of xDSL customers was reported at 729,000, down 5.3 percent year-on-year. Of the total, 75 percent were using VDSL. The operator offers fixed internet also based on LTE. The combination of both xDSL and LTE technologies allowed the operator to serve 770,00 customers as of the end of 2017.

The number of fixed telephone lines decreased by 12.3 percent to 613,000.

O2 Slovakia, belonging to the group, reported its results separately.

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