Q1 2023 financial results


Fixed Line customers

(↑ 20,900 in Q1)


Total Mobile connections

(↑ 296,900 in Q1)


Transaction Adjusted Revenue

(↑ 3.9% YoY)


Transaction Adjusted EBITDA

(↑ 2.0% YoY)


Opened the 1000th National Databank Hub providing free mobile connectivity to people in need across the UK

"In the first quarter we delivered a solid performance as we laid the groundwork for further progress through the remainder of the year.

As the largest gigabit network in the country our speed leadership continues, with customers taking broadband that is five times faster than the UK average. We continue to invest in the upgrade and expansion of our footprint and we are on-target to cover 80% of the country with full fibre. When coupled with bringing 5G services to more areas and reaching half of the UK this year, we are playing a big role in future-proofing the UK’s digital infrastructure.

Our integration activity and the delivery of run-rate synergies is progressing at pace, with the migration of Virgin Mobile customers to O2 plans. We expect further run-rate synergies throughout the year including Mobile backhaul integration using our own fixed network.

With strong foundations in place and as commercial momentum builds, supported by price increases, we remain on track to meet our 2023 guidance."

Lutz Schüler - Chief Executive Officer

Investor information

For further investor information please visit the investor websites of Liberty Global and Telefónica.

8-K form Liberty Global investor site Telefónica investor site

Investor Relations contacts

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