Spain2011, 3rd Quarter resultsRevenues in Spain were 2.982 billion euros in the first nine months of 2011, an increase of 4.3% on a comparable basis. Excluding the impact of regulatory measures (-68 million euros), the increase was 6.9% compared with the previous year. Third quarter 2011 revenues were 1.039 billion euros, a 4.8% increase on a comparable basis. Excluding the impact of regulatory measures (-24 million euros), revenues climbed 7.4% after rising 6.7% in the second quarter. Revenues in Personal Communication Services rose 4.5% on a comparable basis to 862 million euros. Excluding the impact of regulatory measures (-24 million euros), revenues were up sharply, rising 7.6% after climbing 7.7% in the second quarter. Growth was generated by the 7.3% year-on-year increase in contract customers to 7.445 million at 30 September 2011. In addition, data services grew 28% driven by the success of smartphones and non-messaging services. The total customer base was 12.339 million at 30 September 2011, excluding MVNOs, an increase of 6.2% in one year. The hosted MVNO customer base rose 23% year on year to 1.405 million customers at 30 September 2011. Home Communication Services revenues improved significantly, with sales rising 6.5% to 177 million euros in the third quarter of 2011 after increasing 2.3% in the second quarter of 2011, reflecting the growth of ADSL. The number of ADSL accesses climbed 12.4% year on year to 1.225 million at 30 September 2011 with ARPU up 1.1%. |
