The most striking aspects of the Telefónica UK results in January-September 2013 are as follows:
In the third quarter of 2013, Telefónica UK maintained a solid trading momentum supported by “Refresh” tariffs, showing both revenue and OIBDA growth in the quarter.
On August 29th, Telefónica UK launched its LTE, high speed mobile service in three major cities, including London and further eight cities have now gone live. The commercial proposition is focused on providing an outstanding customer experience through network excellence and exclusive content (twelve months free music with video download), which is starting to deliver encouraging signs in terms of data consumption.
The “Refresh” proposition, launched in the second quarter of 2013, remains unique in the market and was available to all direct channels since the 18th of July. This proposition is showing promising results, with increasing commercial traction in the third quarter (53% of contract commercial activity is being done under the “Refresh” proposition) while also improving tariff subscription and customer satisfaction. Additionally, “Refresh” is a vehicle to improve distribution dynamics in the market towards more efficient direct channels.
From the 1st of May, Telefónica UK excludes the financial results of its fixed consumer business (93 million euros in revenues in the period January-September 2012 and 0.5 million euros in OIBDA vs. 35 million euros of revenues in January-April 2013 with no relevant OIBDA contribution).
Total accesses grew 1% year-on-year to reach 23.7 million at the end of September 2013 despite the impact from the disposal of the fixed assets (720 thousand accesses: 209 thousand in fixed telephony accesses and 511 thousand in fixed broadband accesses).
CEO, Telefónica UK
Ronan Dunne was appointed Chief Executive Officer of Telefónica O2 UK on 1 January 2008. At this time, he also joined the board of Telefónica Europe plc.
Mr. Dunne was previously Chief Financial Officer of Telefónica O2 UK, a position held since February 2005. Prior to this, he held the role of Head of Finance, at parent company O2 plc, reporting to the Group Chief Financial Officer. He is a trustee of the O2 pension scheme.
Prior to joining O2, Mr. Dunne held senior financial positions in the banking and the corporate sectors. These included the Head of Strategic Finance and Integration at Exel plc. He was born and educated in Dublin and moved to the UK in 1987.
Ronan is a fellow and former council member of the Institute of Chartered Accountants in Ireland (ICAI). He is also a fellow of the Association of Corporate Treasurers (ACT).