Wednesday, November 10, 2004

Telefonica Reaches 3.4 million ADSL Subscribers

The Telefonica Group reported revenue of EUR 21,926.5 million for the first nine months of 2004, a rise of 5.2% over the same period of 2003. Stripping out the negative currency impact and changes to the consolidated group, revenues advanced 8.5%, due mainly to the contribution from the cellular telephony business and from Telefonica Latinoamerica. Some highlights:

  • ADSL connections in Spain and Latin American at 30-September-2004 amounted to 3.4 million, year-on-year growth of 62.4%. In Spain there are 2.2 million (1.4 million twelve months ago), giving the company an estimated 73.5% share of the broadband market. The Telefonica Group's retail ADSL customers in Spain total 1.7 million, an estimated 58.1% share of the total market. In Latin America, the number of ADSL connections has risen by 85.1% since September 2003 to 1.2 million, of which 0.7 million are in Brazil (Telesp, 0.4 million in September 2003).

  • Telefonica Moviles recorded net adds of 3 million customers in the last quarter and 11 million in the last year, achieving a total managed customer base of 58.8 million at 30 September

  • Total customers, both for fixed and mobile telephony and pay TV, including the customers of BellSouth's Latin American operators, amounted to 115 million.

  • By geographical areas, 61.5% of consolidated revenue came from Spain.

  • Operating profit was EUR 5,420.5 million year to date, 18.1% more than in the same period of last year.

  • Net debt fell by EUR 1,258.7 million (-12.2%) from December 2003, totaling EUR 17,976.6 million.


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