o2 Telefónica accelerates growth and looks confidently to the new financial year

With these new records in revenue and profit in the financial year 2022, O₂ Telefónica successfully completes its three-year “Investment for Growth” programme. In the process, the company clearly exceeded the targets it had set. During the period of the programme, revenues increased cumulatively by more than 10 percenttwice as much as forecast at the beginning of the program. The mobile gross margin improved by more than 1.5 percentage points in the reporting period.

The programme focused on investments in the mobile network and services. These amounted to around 3.6 billion euros and led to a significant improvement in the network experience of O₂ Telefónica customers. In the three years of the programme, O₂ received the grade “very good” three times in the network test of the trade magazine “connect” and improved its scores with each year. The coverage of the population with 4G mobile communications was over 99 percent at the end of the business year. O₂ Telefónica expanded the new 5G network at record speed. By the end of the 2022 financial year, more than 80 per cent of the German population could already surf and make phone calls with the new super-fast mobile standard.

As a result, O₂ Telefónica gained more than 3.8 million mobile post paid net additions in the three years and increased its market share in mobile service revenues by 1.4 percentage points to more than 33 percent by the end of 2022. No other provider is currently growing as dynamically as the company, and no one connects more people with mobile communications in Germany.