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General

Euskaltel revenues up 1.4% in Q1, Virgin Telco passes 100,000 customers

Thursday 29 April 2021 | 09:17 CET | News
Spain's fifth largest operator Euskaltel reported revenues of EUR 174.2 million in the first quarter of 2021, up 1.4 percent year on year, thanks in part to thanks to the growth of its nationwide brand Virgin Telco. However, the company's EBITDA fell by 16.7 percent to EUR 73 million in Q1 due to Virgin Telco marketing, customer retention campaigns that have impacted ARPU and the suspension of talks to renegotiate wholesale agreements as a result of the EUR 2 billion takeover bid launched by Masmovil. The group also posted a net loss of EUR 2.1 million in the first 3 months of 2021 compared

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Categories: General
Companies: Euskaltel / Masmovil / Virgin Telco
Countries: Spain
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