The proposed sale ofO2’s AirwaveTetra
wireless communications unit may become a drawn-out
process.
O2 owner Telefónica is seeking to offload all or part of
the business.
But O2 CEO Peter Erskine said, after posting the group’s latest
results, “In December, Telefónica announced a strategic review for
Airwave, including a total or partial disposal of the company. This
process is likely to take a number of months.”
He said, “In the meantime Airwave remains focused on both its
customers and operational targets.”
In early February, Airwave announced two new contract wins - a
10-year contract worth £32m with the Welsh Ambulance Service, and a
£115m contract with London Underground to provide Airwave coverage
for the emergency services throughout London’s underground
network.
O2 UK net service revenues grew by 13.7% in the last quarter,
and 14.7% for the 11 months ending 31 December, when compared to
the same periods in the previous year.
Related article:
London Underground deploys Airwave
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