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MásMóvil increased its service revenue to 670 million . did

Massmovil has increased by 42% revenue For the service in the first quarter of the year, up to 670 million…

By admin , in news , at May 31, 2022

Massmovil has increased by 42% revenue For the service in the first quarter of the year, up to 670 million euros, an organic growth of 7% and driven by adherence to their Euskaltel accounts despite the hyper-competitive market conditions.

the company invoiced 733 million euros between January and March, up 39% over the same period last year, with a gross operating profit (EBITDA) of 277 million euros, representing an increase of 51%, according to a release. has gone.

increased margin

The company has also increased its margin by three per cent to 38 per cent. However, it has run into a net loss of €40 million due to various impacts from last year’s profit of €10 million. extravagant expense in the first quarter.

The Company’s balance sheet has been affected by deferred capital expenditure payments of approximately EUR 90 million as well as various related expenses. M&A and sanctions for 16 million euros for reasons not specified in the results report.

The firm has highlighted that it expects influence These factors in cash flow will disappear in the coming quarters.

The company invested 124 million euros in the first quarter and its fiber optic footprint reaches 27.2 million marketable homes between its own footprint and wholesale agreements, while its coverage 5G It reaches about 900 cities.

“We are very pleased with the results achieved during the first quarter of the year, which makes us optimistic about reaching the objectives set for 2022”, highlighted the CEO of Massmovil, minrad spanger,

more customers

spanger has highlighted the firm’s “solid” growth rate, which, despite the rise of “ultra-low-cost offers”, ended the quarter with 14.7 million customers, 200,000 more in three months.

The company ended March with 11.6 million mobile lines, 8.9 million lines Postpaid, after adding 163,000 new lines to this segment, and 3.1 million fixed broadband customers, led national operators, reporting 70,000 subscriptions in three months.

MásMóvil is particularly immersed in the process of negotiation Orange And the parties are expected to finalize the agreement between June and July.

Similarly, the company is finalizing an operation to find a partner for the fixed network euskaltelAs well as its strategic plan for Portugal.

MásMóvil increased its service revenue to 670 million . did

2022-05-31 08:24:19