Masmovil posts EUR 97 mln FY profit, expands Orange roaming deal

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(Telecompaper) Spanish telecommunications provider Masmovil, the country’s fourth largest network operator, has reported net revenues of EUR 351.8 million for the fourth quarter of 2017, up 17 percent year on year, with quarterly recurring EBITDA rising to EUR 69.7 million on a reported basis compared to EUR 28.7 million year earlier. The company also turned to profit, with full-year net income climbing to EUR 96.9 million for the year compared to a EUR 36.6 million loss a year earlier. Full-year net revenues were up 16 percent to EUR 1.30 billion, with the recurring EBITDA margin rising to 18.3 percentage points from 10.6 percent in 2016 and capex doubling to EUR 221 million, mostly focused on the continued rollout of its 4G and fibre networks.
Source: Industry News (syndicated from Telecompaper.com)

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