Telefonica has posted revenue of € 12,960 million (+1.9 percent), OIBDA of € 4,158 million (+6.1 percent) with OBIDA margin of 32.1 percent (+1.3 p.p.) and net income of € 821 million (+18.4 percent) in the second quarter of 2017.

Telefonica, which has 346.2 million subscribers, achieved marginal growth in revenue due to 3.1 percent increase in ARPU and 0.2 p.p. drop in churn.
“We have accelerated organic growth through the execution of our structural quality-based strategy, which was reflected in the strong competitive positioning in our main markets. We continued to make progress in our transformation towards becoming a platform company, with Capex devoted to UBB networks,” said Jose Maria Alvarez-Pallete, executive chairman of Telefonica.

Telefonica Capex in regions

Telefonica Spain €704 million (–20.6 percent)
Telefonica Deutschland €435 million (+1.3 percent)
Telefonica UK €434 million (+15.4 percent)
Telefonica Brasil €915 million (–3.6 percent)
Telefonica Hispanoamerica €923 million (–6.2 percent)

Mobile data revenues of Telefonica increased 17.8 percent, increasing their weight over mobile service revenues by 6 p.p. to 60 percent.

Operating expenses (Opex) grew 1.2 percent due to higher network and system costs and increased personnel expenses.
Investment

Telefonica said its Capex of €3,507 million (–4 percent) during in the first half was focused on 4G and fibre optic network expansion, and the simplification and digitalisation of processes and systems.

Telefonica reduced Capex due to integration synergies, consolidation and network optimisation after making investment in big data.

Telefonica said its FTTx passed 41.2 million premises. LTE coverage was 68 percent with 89 percent in Europe.

LTE subscriber base of Telefonica rose 1.6x. FTTx and cable customers (10 million) grew 19 percent and accounted for 47 percent of the total fixed broadband accesses, reaching a coverage of 41.2 million premises passed (+14 percent).