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General

AT&T Mexico Q2 revenues plunge 34% on Covid-19 and forex impact

Thursday 23 July 2020 | 14:43 CET | News
AT&T Mexico's revenues plummeted 33.8 percent year on year to USD 480 million in the second quarter of 2020, attributed to Covid-19 impact on service and equipment revenues coupled with foreign exchange pressures. Service revenues were down 28.0 percent year on year to USD 345 million due to over 1 million subscriber losses caused in part by store closures prompted by the country's coronavirus lockdown as well as declining traffic. The company did manage to reduce its EBITDA losses, however, posting a negative USD 58 million compared to a loss of USD 88 million in the year-earlier quarter.

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Categories: General
Companies: AT&T / AT&T Mexico / DirecTV / Vrio
Countries: Mexico
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