Telefónica UK

The most striking aspects of the Telefónica UK results in January-December 2012 are as follows

In the fourth quarter of 2012, Telefónica UK posted a further improvement in commercial traction in a highly competitive market, leading to strong performance of both contract and prepay net additions. This improvement of trading momentum was driven by the sustained success of the “On&On” smartphone tariffs as well as the prepay “Pay and Go Go Go” tariffs. The successful execution of efficiency measures also resulted in revenue, cost, OIBDA margin and operating cash flow trends all improving in the fourth quarter, leaving the Company well positioned to keep improving in 2013.

Telefónica UK has been able to prepare for the commercial launch of 4G services in 2013 with the network sharing agreement with Vodafone, and after being instrumental in bringing forward the date when spectrum will be cleared for LTE use. This will also allow the Company to strengthen the existing network collaboration, broadening coverage and laying the foundations for the 4G network. Telefónica UK has secured two blocks of 10 MHz in the 800 MHz spectrum band for a total investment of 550 million pounds sterling, allowing delivery of a leading nationwide 4G network in the UK.

At the end of 2012, total access base reached 23.8 million (+4% year-on-year), mainly driven by the higher contract mobile base.

Ronan Dunne

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).

Find-out more: Telefónica S.A. January-December 2012 results Open pdf document in new page (1.2 MB)