Annual Report 2012 - Ono

ONO in 2012
Chairman’s statement
José María Castellano
President, ONO
‘We are committed to contributing
better services to today’s digital
society, which is continuously
evolving and which demands
high quality products that
enable and enrich their everyday
communications and leisure’
2012 was an intense year for ONO, full of
major corporate and business milestones
that have strengthened us a Company
and as a significant player in the Spanish
telecoms market. ONO has always been
able to differentiate itself from its
competitors because of its proprietary
and independent fibre optic network,
and in 2012 this alternative approach
to telecoms in Spain became even
more important.
The year was also characterized by the
continued impact of the economic crisis
on Spanish society, which has resulted
in a lack of employment and a loss of
household purchasing power. In addition to
these difficult and painful conditions, there
has been a general loss of confidence in
the Spanish economy and in our brand as a
country. All companies and institutions in
the country need to focus their efforts on
restoring this lost credibility.
A company such as ONO is immersed
in this reality. We are committed to
contributing better services to today’s
digital society, which is continuously
evolving and which demands high quality
products that enable and enrich their
everyday communications and leisure.
This is our focus: to satisfy that need and
to transform it into technological and
social wealth.
Today we cannot imagine what it is like
not to be connected. For another year,
ONO has led the high-speed connectivity
market in Spain. We also made intelligent
television a reality, with TiVo®. We
launched the new ONO Móvil calling
plans, which have been a major success
for us. Our professional success is based
on our high quality services. At ONO, we
have made it possible for thousands of
SMEs to connect to the best broadband
service in Spain. We have also been
pioneers in providing access to the very
highest Internet browsing speeds, with
real speeds of 200 Mb.
In the financial area, our business also
made major progress in 2012. Following
a series of successful bond issues that
have made our debt more manageable,
in June we completed the refinancing of
the Company, significantly reducing the
number of financial institutions involved
and improving financial conditions, with
no major maturities until 2017. This major
achievement reflects the confidence of
the markets and the solid operational and
financial progress that we have made in
recent years.
This progress depends on the work of
each and every employee at ONO. We
have again been able to show the
market that we are a flexible company
that can adapt to change, and that we
are in the best position for offering
society what it needs. This is only
possible because we have a committed
team which every day works hard to
maintain ONO in its leading position in the
telecommunications market.
ONO in 2012
Products and services /
Position in the market
Key figures
Chairman’s statement
CEO’s statement
Who is ONO?
What does ONO do?
ONO’s
Responsibility
Financial analysis
Corporate
Governance Report
The Figures
Annexes
Contact
Information
Print
Report
The Figures
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