Telefónica increases revenues and subs
May 10, 2019
From David Del Valle in Madrid
Telefónica ended the first quarter with a net profit of €926 million, up 10.6 per cent on the same period last year.
The group reduced its debt by 5.7 per cent to €40.3 billion. OBITDA amounted to €4.26 billion, up 10.3 per cent. In Spain, it reported total revenues of €3.1 billion, up 0.3 per cent.
In terms of customers, Telefónica ended Q1 with 8.8 million pay-TV subscribers globally, up 3 per cent.
In Spain, it had 4.09 million subscribers, most of them with a convergent package. ARPU stood at €88.2.
The company has now passed FTTH through nearly all homes in Spain.
Other posts by :
- D2D satellite battle hots up
- Eutelsat share price rockets
- AST SpaceMobile recovers after Verizon agreement
- Bank has mixed messages for AST SpaceMobile
- EchoStar clears key regulatory hurdles for Starlink deal
- Starlinks falling to Earth every day
- 650 Starlink D2C craft in orbit
- Bank upgrades SES to ‘Buy’
- Eutelsat shareholders reach agreement at AGM