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General

Wind revenues drop 7% in Q1, customer base stable

Wednesday 14 May 2014 | 10:03 CET | News
Italian operator Wind Telecomunicazioni reported first-quarter revenues down 7 percent year-on-year to EUR 1.14 billion, which the company attributed to the ongoing effects of intense price competition in the sector and last year's cuts to mobile termination rates (MTR). Excluding the tail-end impact of MTR reductions, total revenues declined by 5 percent compared to the year-earlier period. EBITDA fell 7 percent to EUR 430 million, mainly due to the decline in revenues partially offset by cost savings, but the operator's EBITDA margin remained more or less stable year-on-year at 37.6

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Categories: General
Companies: Wind
Countries: Italy
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