Mobile phone group O2 looked set for Spanish ownership today after Telefonica struck a deal worth £17.7bn (€26.1bn).

Mobile phone group O2 today said UK revenues were growing at a faster rate than previously thought after it signed up 15 million customers for the first time.

Mobile phone group mmO2 today beat expectations for new users over Christmas following a surge in demand for pre-pay deals.

MmO2 today reported first half revenue growth ahead of expectations, but warned of a significant slowdown in the second six months of the year.

Mobile phone group mmO2 pledged today to review its cautious stance on dividends after posting maiden full-year profits of £95m (€139.6m).

British mobile phone group mmO2, owner of O2 Ireland, has reported a strong rise in underlying earnings and an increase of 13% in its customers to 19.2 million in the six months to the end of September.

Peter Erskine, chief executive of O2 Ireland's parent company, MmO2, has refuted claims Irish mobile phone prices are a "rip off".

MOBILE phone operator O2 says its expects to see its Irish revenues grow in the first half of its financial year.

Mobile operator O2 has reported a growth in its British operation, although this had been expected to slow in the second half because of cuts and charges from the regulator.

Mobile phone company mmO2 has reported another quarter of strong subscriber growth, and beat analysts' expectations by adding 504,000 new subscribers in its first quarter to end-June.

Vodafone is to publish its results tomorrow but it is unlikely to follow mm02 and make a massive writedown of its assets, according to the Financial Times.

UK mobile phone firm mmO2 today announced the sale of its Dutch subsidiary O2 Netherlands to private equity firm Greenfield Capital Partners for €25m.

BRITAIN'S biggest companies recovered some of their poise yesterday as the FTSE 100 Index ended another roller-coaster week on the front foot.