O2 rings up profits of E207m

THE country’s second largest mobile phone operator O2 made operating profits of just over E207 million in the 12 months to end March.

This was a 56% increase on the figure for the corresponding period in 2003 and was driven by an 11% increase in its customer base and higher revenues from existing customers.

O2 said its customer base has risen to 1.39 million, with strong growth in the January to March period normally a quiet time for mobile phone companies following the Christmas rush.