Operational highlights
* Telefonica Europe delivered strong financial and operating performance and maintained good momentum across the * Group despite ongoing economic uncertainty
* Revenue growth accelerated in first six months of 2010 ‘ with a year-on-year growth in organic terms of 4.7% in Q2 ‘ driven by performances of Germany and UK businesses
* Excluding one-off items, organic OIBDA growth in Q2 was 3.7%, with a reported margin of 29.6%
* Total customer base reached 54.5 million ‘ a 6.1% year on year growth in organic terms ‘ on the back of the continued expansion of fixed and mobile broadband customers
* Strong growth in mobile broadband and decline in churn delivered a 44.4% increase in mobile net additions in Q2 over previous quarter in comparable terms. Mobile customers now total 45.2 million
* Telefonica O2 UK maintains lowest churn levels and market-leading margins, with strong revenue and OIBDA growth
* Telefonica O2 Germany continued momentum and took approximately a third of all mobile broadband additions, demonstrating customer confidence in our data networks
