O2 reports 10% rise after selling 1m Apple iPhones

Mobile phone operator O2 has sold over a million iPhones in the UK and its exclusive deal to sell the Apple device has helped it buck the gloomy economic trend and report a 10% rise in revenues.

The company, owned by Spain’s Telefónica, grabbed 390,000 new mobile phone customers in the last three months of 2008, cementing its position as the UK’s largest mobile phone company with 19.5 million users.

Matthew Key, chairman and chief executive of Telefónica Europe, said consumers show no desire to abandon their