MásMóvil from loss to €189m profit; debt surges
April 5, 2022
From David Del Valle in Madrid
Awaiting the merger with Orange to become the largest operator in Spain in terms of customers, MásMóvil has reported a net profit of €189 million versus €77 million losses in 2020 and €93 million in 2019. The company increased revenues by 28 per cent to €2.46 billion thanks to Euskaltel, with fourth quarter revenues reaching €754 million, up 43 per cent.
EBITDA stood at €1.11 billion, up 48 per cent, although net debt reached €6.73 billion versus €3.1 billion one year earlier. MásMóvil now covers 27 million homes in Spain with its FTTH network, 19.4 million with its own infrastructure.
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