Telefónica entered the UK with 47.1% after changing parameters due to the merger

RESULTS OF TELEFÓNICA TECHNOLOGIES UNITED R.

Madrid, 4 November (EFE). – Telefónica entered the UK in January-September 2021, 2628 million euros, 47.1% less than 2020, in a period affected by changes in criteria derived from the integration between O2 and Virgin Media, which is “advancing at a good pace”.

The operator, which submitted its results to the National Securities Exchange Commission (CNMV) this Thursday, did not have detailed income data for the third quarter of the year, nor does it have Oibda, due to this integration that fully affected the operator in the quarter. .

The value of the accumulated debt until September declared in this country is 919 million euros, which is 39.9% less; While capital investment (capital expenditures) amounted to 933 million, an increase of 52.8%.

The company has given a preliminary account of the results it would have in the UK if it had listed its stake after the merger with Virgin Media.

In this context, it estimates that it would have entered 8,850 million euros in the January-September period, up 1.1%, despite the decline in revenue from the mobile business, by 1.2% and after growth of 3.6% in fixed services and 5.1% in companies .

According to their calculations, income in the quarter was 3,033 million euros, 6.6% more, driven by the sale of high-end mobile phones as well as the gradual easing of virus-related measures in the period.

Meanwhile, the slave trade for this most recent quarter (always including this pro forma data) would have grown 4.7%, to 1,061 million in terms of reports, although it would have declined 0.9% in organic terms. , due to investment in marketing and digitization, which balances revenue growth and cost control.

See also  UK indices closed lower; Investing.com UK 100 Down 0.41% By Investing.com

Sacha Woodward

"Wannabe writer. Lifelong problem solver. Gamer. Incurable web guru. Professional music lover."

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top