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General

Telefonica Germany posts Q2 profit, lowers sales outlook

Wednesday 27 July 2016 | 12:42 CET | News
Telefonica Germany reported a net profit of EUR 252 million for the second quarter of 2016, reversing a loss of EUR 68 million a year earlier. The significant increase was mainly due to the sale of about 2,350 mobile telecommunication masts to Telxius, a subsidiary of Telefonica, in April. Adjusted for exceptional effects and the sale of the masts, OIBDA improved 1.2 percent to EUR 459 million. Mobile service revenues were down 1.7 percent to EUR 1.36 billion in the second quarter. Against this backdrop, Telefonica Germany now expects mobile revenue to show slightly negative growth in 2016.

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Categories: General
Companies: E-Plus / O2 / Telefonica Deutschland
Countries: Germany
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