Preliminary results for January to September 2016: Telefónica Deutschland posts biggest postpaid customer growth since merger

Two years after merging with the E-Plus Group, Telefónica Deutschland is right on track in terms of operations and finances. In the third quarter of 2016, the company reported its biggest growth in the number of postpaid customers since the merger completed, with about 426,000 additional subscribers. Over the past two years, the total number of mobile accesses increased by 1.9 million to 44.1 million. This means Telefónica Deutschland remains the top destination for mobile customers in Germany. Its high popularity among customers also reflected progress with the company's network integration and expansion of its LTE grid. The implementation of a data-centric business model resulted in significant data revenue growth during the first nine months. With customer-focused products such as the O Free tariff portfolio, Telefónica Deutschland positioned itself as a pioneer in the German wireless industry. At the same time, the company has also made progress as planned with the realisation of promised synergies. As a result, the adjusted OIBDA rose 3.3% to EUR 1.33 billion in the first nine months of the financial year (previous year: EUR 1.29 billion). In a competitive market environment and as a result of regulatory effects, mobile service revenues fell 1.6% over the course of the year. Based on its business performance, Telefónica Deutschland reiterates its projections for the full year.