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Telefonica Spain sales inch up as OIBDA rises 2% in Q1

2016-04-29 08:25:00| Telecompaper Headlines

(Telecompaper) Telefonica's Spanish unit (Telefonica Espana) reported revenues of EUR 3.13 billion in the first quarter of 2016, up 0.2 percent on an organic basis compared to the year-earlier result of EUR 2.88 billion and the company's third consecutive quarterly growth. The operator said its operating income before depreciation and amortization (OIBDA) came to EUR 1.27 billion, up 2.0 percent compared to a year earlier and the first simultaneous revenue and OIBDA rise since the third quarter of 2008. The company's commercial activity was again driven by its Movistar Fusion+ convergent plans, with new tariffs and price changes mainly affecting fixed broadband services and mobile contract. Total accesses stood at 41.7 million at the end of the quarter, down 2 percent on an organic basis year on year, of which 28.1 million were consumer accesses, also down 2 percent. However, fibre accesses were up 235,000 in the January to March period, taking the fibre base to 2.5 million and representing 41 percent of total fixed broadband accesses, up 15 percentage points in a year. 

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