SFR adds customers, financials hit by VAT change, rate cut

Friday 13 May 2011 | 09:20 CET | News
French mobile and broadband operator SFR reported EUR 3.06 billion of revenue in the first quarter, down 0.9 percent on the year-earlier period. The company absorbed a 1 January VAT increase, rather than passing it on to its mobile customers. If it were not for this decision and a regulated decrease in termination rates, SFR states that its revenue would have increased by 4.3 percent. Turnover from mobile operations was down 2.4 percent to EUR 2.13 billion, whilst from broadband internet and fixed telephony, it rose by 0.7 percent to EUR 988 million. EBITDA decreased 3.6 percent to EUR 923

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Categories: Internet / Mobile & Wireless
Companies: SFR
Countries: France
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