Telefónica will receive more than 1,100 million profits from its UK subsidiary

Telephone 1,161 million euros will receive dividends from Virgin Media O2, a subsidiary of it in the United Kingdom with Liberty Global, which will also receive an equivalent amount. The company on Friday presented some results in which it split payments to shareholders of 385 million euros in the fourth quarter and included future payments for the next fiscal year of 1,917 million euros.

Telephone And the Liberty Global They also confirmed their contacts with financial partners to create a fiber-optic subsidiary that will build a network of up to seven million homes next year and have Virgin Media O2 as the main customer. Virgin Media O2 It generated a profit of nearly €22 million in 2021 in its first year after the merger between O2 and Virgin.

The combined businesses of Telefónica and its subsidiaries in the UK were combined to generate revenue of €12,444 million and adjusted gross operating profit (adjusted Ebitda) of €4,402 million, an increase of 1.9%. The operator has acquired 2.6 million customers (including the Internet of Things) in the mobile sector and 141,600 in the fixed sector. Thus, it ended the year with 32.2 million mobile customers in addition to 9.9 wholesale customers and 5.7 million fixed broadband customers.

The Optical fiber It’s one of the central bets for the new operator, which has added 328,000 homes over fiber to its footprint and upgraded fiber from 15.6 million real estate units to 1 gigabit per second. The company, without relying on the operation with financial partners, expects to spread to another million homes in 2022. Likewise, the operator also offers 5G services in more than 300 cities and aims to reach 50% of the UK population in 2023. In the 700MHz band .