Masmovil service revenues soar 22% in Q3, ups full-year guidance

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(Telecompaper) Spanish telecommunications provider Masmovil, the country’s fourth largest network operator, reported service revenues of EUR 305 million in the third quarter of 2018, up 22 percent year on year on an organic basis thanks to over 290,000 subscriber additions, with net revenues rising 6 percent to EUR 362 million. Recurring EBITDA for the quarter soared by 38 percent year on year to EUR 85 million, with the EBITDA margin increasing to 23 percent. The company’s adjusted net quarterly profit rose 34 percent to EUR 35 million compared to EUR 26 million in Q3 2017.
Source: Industry News (syndicated from Telecompaper.com)

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