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Masmovil FY revenues hit EUR 1.7 bln after adding 1.4 mln subs in 2019
2020-02-28 09:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported net revenues of EUR 1.68 billion for 2019, up 16 percent year on year, and service revenues of EUR 1.46 billion, up 24 percent, after adding some 1.4 million mobile and fibre customers over the period. Adjusted EBITDA was up 42 percent year on year to EUR 468 million, with the company's EBITDA margin rising 5 percentage points to 28 percent. Full-year profit climbed 32 percent on a reported basis to EUR 93 million, impacted by EUR 108 million non-cash financial expenses related to a convertible bond acquisition in Q2 and a EUR 144 million capital gain derived from the sale of 1 million residential fibre units to Macquarie in Q4.
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Category:Telecommunications