Vodafone Spain’s revenue continues to fall. The telecoms operator announced its half-year results, and they once again cast doubt on its position in Spain. In particular, the company indicated that in the first six months of the financial year its revenues decreased by 2.8%, reaching a total turnover of 1.738 million euros.

The company indicated that such figures are mainly due to strong competition between operators, in particular low-cost airlines. In addition, the telecommunications company argues for the loss of customers over the specified period and the reduction of tariffs for mobile termination, which is partially offset by the growth of digital services for companies and the updating of tariff plans taking into account the CPI.

On the other hand, EBITDA in the financial year reached 394 million euros, -11.6%, reflecting the impact of -4.1 percentage points due to extraordinary tax benefits of the previous year and the impact of -2.9 percentage points due to increased costs for electricity. , which is partially offset by savings in commercial and interconnection costs.

Loss of clients

Vodafone Spain also announced commercial activity in the final quarter of the financial year. While the operator gained 78,000 mobile line customers, it lost 20,000 in broadband and 16,000 in television.

On the other hand, Lowi’s contract mobile customer base has increased by 19,000 due to the inclusion of 5G in plans and speeds of up to 1 Gbps over fiber, although I continue to blame competitive intensity for the ultra-low cost.

It should be remembered that Vodafone has decided to close 15% of its physical stores throughout Spain, so business operations may be much more difficult than in other periods.

Zegona, who will take over Vodafone’s business in the coming months, wants to turn the tide and is preparing a commercial battle to win customers in the short term.