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General

Vodafone Spain revenues down 6.4% in March quarter, returns to growth in broadband and TV

Tuesday 14 May 2019 | 09:19 CET | News
Adjusted EBITDA plunged by 23.5 percent and the adjusted EBITDA margin was 5.5 percentage points lower at 23.0 percent due above all to a reduction in ARPU and a lower customer base, as well as higher commercial costs following the repositioning of the business. The latter includes a collective dismissal of 1,000 workers agreed with unions and a wide-ranging network sharing agreement with Orange covering both 5G mobile and FTTH that's expected to unlock at least EUR 600 million of cumulative cost and capex savings over the next 10 years.

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Categories: General
Companies: Vodafone Spain
Countries: Spain
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