O2 UK reported revenues of EUR 1.7 billion ($2.28 billion) for the second quarter, up 4.4 percent over last year and 0.1 percent overall, Telecompaper.com reported on July 31, 2014. Mobile service revenues were down 6.7 percent, but O2 said growth would have been 0.3 percent had it not been for regulatory effects and the effects of its new commercial model.

OIBDA for the quarter decreased by 4.4 percent from last year to EUR 401 million ($536.88 million), and the OIBDA margin dropped by 2.2 percentage points to 23.6 percent. Excluding restructuring costs and the sale of the fixed business, O2 said its OIBDA was down only 0.6 percent. In the same period, capex fell 19.5 percent to EUR 184 million ($246.34 million).

At the end of June, O2 UK had 24 million customers, up 2.9 percent from last year. Mobile customers grew by 2.8 percent to 23.77 million, due to a 6.2 percent increase in postpaid to 13.22 million and M2M growing by 12 percent to 2.1 million. This was enough to offset a decrease of 1.2 percent in prepaid customers (now down to 10.55 million) at the end of June. Since March, the operator has added 140,000 postpaid customers outside of M2M, double the number of Q1, and the loss in prepaid customers slowed to 8,000 as helped by the launch of bundles in May. The fixed telephone customer base grew by 13.1 percent to 217,900, and broadband customers amounted to 16,800, up 61.5 percent year-on-year.