Revenues grow, losses lessen for Jazztel in 2Q

23 Jul 2008

Spanish telecoms company Jazz Telecom (Jazztel) has released its results for the period ending 30 June 2008, reporting 6% growth in revenues for the quarter year-on-year. Revenues grew to EUR77.8 million (USD123.6 million), but the company still made a loss of EUR24.7 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 28% to EUR300,000. The company has announced it is aiming to claim a 5.5% share of Spain’s broadband market by 2010 and according to TeleGeography’s GlobalComms database, the telco is currently fifth-placed in the market, behind Orange Espana and Telefonica de Espana. Jazztel has also recently expanded its services, launching an MVNO mobile service in June 2008, piggybacking on Orange’s network.

Spain, Jazztel