Airwave sale drawn out

The proposed sale of O2’s Airwave Tetra wireless communications unit may become a drawn-out process.

The proposed sale of O2’s Airwave Tetra 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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