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General

Movistar Mexico sales down 19% in Q3, customers up 9%

Thursday 27 October 2016 | 10:31 CET | News
Movistar Mexico (Telefonica) reported revenues of EUR 316 million in the third quarter, down 19.4 percent year on year on a constant currency basis and 30.2 percent on a reported basis compared to EUR 453 million in the year-earlier quarter. The company's OIBDA fell 29.9 percent on a constant currency basis to EUR 81 million in the July-September period, compared to EUR 134 million a year ago, while its OIBDA margin fell by 3.9 percentage points to 25.6 percent. The operator blamed the decline on strong market competition, mainly in the prepay segment, and the impact of termination rate cuts,

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Categories: General
Companies: Movistar Mexico / Telefonica
Countries: Mexico
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