The Telefónica Group reported Q1 revenue of EUR 6.959 million, up 7.7 year-on-year and up 10.3% year-on-year when excluding the exchange rate and perimeter effect. Net income rose 2.7% to EUR 558.2 million. Some highlights:
- Telefónica’s customer base now stands at over 101 million, a 15.8% increase on the year earlier and 2.9% more than in December 2003. As in previous quarters, growth mostly came in the cellular and broadband businesses.
- Telefonica Móviles had more than 54.4 million managed customers, with net adds of 2.3 million in this three-month period and 12.6 million in the last 12 months.
- The number of ADSL connections has risen by 77.6% since March 2003 to 3 million, of which nearly 2.2 million are in Europe and more than 0.8 million in Latin America.
- The Telefónica Group’s net debt stood at EUR 18.018 billion, a reduction of EUR 1.217 billion EURs from December 2003.
. http://www.telefonica.es
