20.2% revenue growth for Telefónica Móviles

5 May 2004

Spainish cellco Telefónica Móviles has reported an operating revenue of EUR2.56 billion for the first quarter of 2004, an increase of 20.2% in twelve months. The operator attributed the gain to an increase in its customer base, which stood at 54.4 million at the end of the period; 2.3 million customers were added in the first quarter alone. EBITDA grew by 12.6% to EUR1.119 billion.