O2 logoO2’s parent company Telefónica Europe have unveiled their Q1 2009 financial results – with mobile division O2’s UK customer base growing 20% year on year to  20.8m.

The operator added 141,753 customers in the first three months of 2009, with 42.6% of all customers on a post-pay monthly contract. In addition, non-SMS revenue was up by 42%, driven mainly by an increase in the number of mobile broadband connections and the continued success of high-end phones such as BlackBerry and the iPhone.

Matthew Key, Chairman and Chief Executive of O2’s parent company, commented: “Telefónica Europe continues to go from strength to strength, outperforming our competitors by investing in customer experience as a means to drive sustainable growth and emerge from this recession fitter and stronger than before.

“In spite of a tough economic environment, we delivered a strong set of results in the first quarter in increasingly competitive markets.  We have, in particular, reported impressive cash flow growth, while maintaining our levels of investment to ensure the long-term health of the business.

You can read the full financial results here.

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