Telefonica Capex up 26% to $1.9 bn in Q1 2015

Telefonica on Thursday said its Capex (telecom investment) rose 25.8 percent to $1,919 million or 1,682 million euros in the first quarter of 2015.

The Capex of 1,682 million euros included 161 million euros for spectrum acquisitions in Ecuador, Spain and Chile.

Telefonica, while maintaining its Capex forecast for 2015, said 76 percent of the investment is on growth and transformation projects, driving network modernization and differentiation.

Telefonica said its first quarter revenues increased 12.6 percent and 3.3 percent in organic terms to 11,543 million euros — driven by T. Deutschland and T. Hispanoamerica.

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Mobile data revenues increased 11.9 percent and already represented 40 percent of mobile service revenues, as a result of the higher weight of LTE customers and higher smartphone penetration. Digital service revenues were 682 million euros. Video business revenues were 321 million euros.

Consolidated net income in the first quarter of 2015 amounted to 1,802 million euros, increasing by 2.6 times vs. the same period of the previous year.

Net financial debt stood at 45,627 million euros as of March 2015, a 540 million euros increase compared to December 2014.

Baburajan K
[email protected]