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General

Telefonica Mexico Q4 sales down 6% on rate cuts, customers up 4%

Thursday 21 February 2019 | 13:27 CET | News
Telefonica Mexico reported a 6.3 percent year on year fall in revenues to EUR 308 million in the final quarter of 2018, attributed to negative regulatory impact and competitive intensity. Excluding the regulatory impact, revenues would have declined 1.3 percent year on year in the quarter, said Telefonica. Operating income before depreciation and amortisation (OIBDA) plunged 78.9 percent year on year to just EUR 13 million in the fourth quarter while Capex for the quarter came to EUR 208 million after EUR 135 million was set aside for the acquisition of 40MHz of spectrum in the 2.5GHz band

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