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Telefonica Spain improves sales for first time since 2008
2015-11-06 09:23:00| Telecompaper Headlines
(Telecompaper) Telefonica's Spanish unit (Telefonica Espana) reported third-quarter revenues up 0.2 percent year on year to EUR 2.998 billion, the first quarterly growth in seven years, boosted by the 126,000 new subscribers to its Movistar Fusion convergent package over the July to September period. Telefonica said the ongoing recovery of its domestic business was driven by an increase in higher value customer segments due above all to an improvement in private consumption. The company's operating income before depreciation and amortization (OIBDA) came in at EUR 1.335 billion, down 2.9 percent year-on-year on organic terms, which Telefonica attributed to the increase in TV content acquisition costs. CapEx for the quarter amounted to EUR 1.310 billion, up 10.4 percent due to Telefonica's accelerated rollout of its fibre and 4G networks in Spain. Retail fixed telephony accesses fell by 5.0 percent to 10.06 million, although the company was keen to emphasise a 1 percent year-on-year growth in retail fixed broadband accesses to 5.9 million. Telefonica's total mobile accesses in Spain fell 3 percent year-on-year to 17.3 million, a similar result to the previous quarter, with the contract segment rising 3.4 percent in the three months to September and accounting for 83.3 percent of the total.
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Category:Telecommunications
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