Jazztel revenue surge narrows first-quarter net loss to EUR3.5 million

29 Apr 2010

Alternative Spanish operator Jazztel has announced that its first-quarter revenues surged by 35% in the three-months ended 31 March 2010, with retail revenue from its voice and internet services climbing 56% and 47% year-on-year respectively. For the three-month period Jazztel posted total revenues of EUR136.9 million (USD180.5 million), while earnings before interest, tax, depreciation and amortisation (EBIDTA) leapt up by 166% compared to the same period a year earlier, EUR15.7 million. The impressive results also saw the telco narrow its net losses, and for the first three months of 2010 it posted a loss of EUR3.5 million compared with EUR16.2 million in 1Q09.

At the end of March 2010 Jazztel’s ADSL retail subscriber base had risen to 680,804, up by 58% compared to its end-March 2009 figure, while it had a further 11,314 wholesale ADSL customers (up from 11,009 a year earlier).

Spain, Jazztel