Home Telefonica Spain sales down 9.1% YoY, pay-TV subs up 91%
 

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Telefonica Spain sales down 9.1% YoY, pay-TV subs up 91%

2014-07-31 08:29:00| Telecompaper Headlines

(Telecompaper) Telefonica's Spanish unit (Telefonica Espana) reported sales of EUR 3.00 billion in the second quarter of 2014, slightly up on the previous quarter but down 9.1 percent from a year earlier. Telefonica said the results reflected a stabilisation of revenue and a change in the company's business dynamic in Spain, especially in the light of the success of the revamped convergent offer it launched in April. The commercial performance of the new Movistar Fusion deals could be seen in the pay-TV and fibre sectors, with the company adding nearly 350,000 pay-TV subscribers as well as 160,000 fibre customers in the second quarter alone. The operator underlined that its customers' increasing preference for high-quality services should gradually manifest itself in year-on-year growth rates. The company's operating income before depreciation and amortization (OIBDA) for the April-June period fell 16.5 percent in organic terms from a year earlier to EUR 1.34 billion, impacted by the increased commercial effort, while OIBDA margin was down 4.0 percent to 44.7 percent. CapEx for the quarter soared to EUR 436 million, an increase of 40.5 percent compared to Q2 2013, reflecting the operator's accelerated rollout of its fibre and 4G networks. 

Tags: up sales spain subs

Category:Telecommunications

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