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Masmovil adds over 500,000 clients in Q3, profits up 27% to EUR 152 mln
2020-11-23 16:01:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider Masmovil, the country's fourth largest network operator, reported service revenues up 20 percent year on year to EUR 1.27 billion in the first 9 months of the year after adding over 500,000 customers in the third quarter alone. Recurring 9-month EBITDA was up 27 percent year on year to EUR 428 million and also rose by 27 percent in the third quarter to EUR 152 million, with the quarterly EBITDA margin rising to 31 percent. The operator, which has recently been acquired by the Lorca Telecom consortium of buyout funds KKR, Cinven and Providence, described the results as "solid" and "in line with forecasts" in spite of the special circumstances arising from the pandemic.
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Category:Telecommunications