Performance

Performance highlights for the first half ended 30 June 2009

Telefónica Europe delivers strong performance on back of propositions which have led to more customers choosing and staying with O2
Powerful cash generation in the first half of 2009 – up 16.8% year-on-year to €1.130 billion
First half revenues increased to €6.571 billion (2.2% growth in constant currency), with OIBDA up to €1.879 billion (6.2% organic growth)
Total customer base grew 8.3% year-on-year to 47.6 million
Mobile customers increased to 42.6 million, with 85% of net additions in the contract segment
Rebalancing of European portfolio bears fruit as Telefónica O2 Germany maintains growth trend
Telefónica O2 UK clearly outperforms market with lowest-ever churn and leading customer satisfaction scores.