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General

Yoigo Q3 sales fall 25.3%, improves profit and customer base

Friday 17 October 2014 | 14:00 CET | News
Spanish mobile operator Yoigo reported a sharp 25.3 percent drop in net sales to the equivalent of SEK 1.79 billion in the third quarter of 2014 but improved its profitability due to lower subscriber acquisition costs and higher data contribution. Yoigo's parent company TeliaSonera attributed the reduced sales figure to plummeting revenue from the sale of equipment, which fell by two-thirds to SEK 307 million in the quarter as a result of lower subscriber intake and a shift towards lower-priced handsets. However, the operator's EBITDA increased by 48.9 percent to SEK 245 million, with EBITDA

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Categories: General
Companies: Telia / Yoigo
Countries: Spain
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