Telefónica O2 Czech Republic - 2008 Full Year Financial Results

Telefónica O2 Czech Republic, a.s. is pleased to announce its audited financial results for the fiscal year 2008.

CZ Fixed Segment

In 2008, Telefónica O2 progressed in the integration of its fixed and mobile systems. As a result of the system integration, following one-off adjustments in non-financial KPIs were made in 4Q 2008: +31.0 thousand fixed telephony accesses, -14.0 thousand retail ADSL connections and -8.5 thousand O2TV customers. These changes have no impact on the financial performance of the fixed segment.

The total number of reported O2TV’s customers reached 115 thousand at the end of 2008.

Customers (thousands):

                                    4Q07   4Q08
                                    ----   ----
IPTV                                  73    115
 excluding one-off base adjustment          123

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