O2's parent publishes Q3 results

Telefónica, which owns O2 in the UK, says its profits for the third quarter of 2008 were down 50% year-on-year... although it's worth noting that last year's figure included the sale of television company Endemol. In the UK, O2's revenue was up 8.7% and a record-breaking 277,593 'contract' customers had been added. [Sources: Telefonica press release; FT.com; Bloomberg.com]