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General

Telefonica Peru Q4 revenues down 8% on regulatory impact, competition

Thursday 20 February 2020 | 11:19 CET | News
Telefonica's Peruvian unit (Telefonica del Peru) reported a year on year organic revenue decline of 7.8 percent to EUR 501 million in the fourth quarter, attributed to regulatory impact and strong competitive pressure. The latter impacted mobile service revenues above all (down 16.7 percent year on year) and handset sales (down 8.4 percent due to price hikes aimed at capturing higher value customers). On an annual basis, revenues were down 2.5 percent to EUR 2.1 billion in 2019.

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Categories: General
Companies: Telefonica / Telefonica del Peru
Countries: Peru
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