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General

Jazztel sales up 2% to EUR 302 mln, hits 2 mln mobile subs

Monday 27 July 2015 | 09:19 CET | News
Spanish operator Jazztel, recently acquired by Orange, reported a 2.2 percent year-on-year increase in revenues in the second quarter to EUR 301.6 million, mainly driven by substantial net additions in its mobile and FTTH customer base. However, the company's net profit plunged 65 percent to EUR 8.8 million, compared to EUR 25.0 million a year earlier, due to costs related to Orange's takeover. EBITDA also fell, by 5.7 percent, to EUR 50.7 million as a result of the transition costs, although CapEx increased by 55.3 percent to EUR 135.8 million, above all due to continued investment in FTTH

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Categories: General
Companies: Jazztel / Orange / Telefonica
Countries: Spain
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