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General

Telefonica Mexico sales fall 17% in Q1 on prepay cuts

Thursday 11 May 2017 | 09:33 CET | News
Telefonica Mexico reported revenues of EUR 314 million in the fourth quarter, down 16.5 percent on organic terms compared to the year-earlier result of EUR 409 million, due to tariff cuts prompted by competitive intensity, above all in the prepay sector. As a result, the company's OIBDA fell 33.8 percent to EUR 64 million in the January-March period, compared to EUR 106 million a year earlier, while its OIBDA margin fell by 5.3 percentage points to 20.5 percent. The company's overall customer base dipped 1.0 percent year on year to just under 27 million at the end of March.

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