Mobile phone company MmO2 has reported core earnings growth in line with forecasts, but has taken a £9.664 billion non-cash exceptional charge relating to asset writedowns.
Earnings before interest, tax, depreciation and amortisation (EBITDA) nearly doubled to £859 million from £433 million the previous year, compared with analysts forecasts ranging between £809 million and £870 million.
Total revenue rose 14 per cent to £4.874 billion.
