Jazztel third quarter results reveal it has surpassed 100,000 FTTH subscribers

30 Oct 2014

In publishing its financial results for the quarter ended 30 September 2014, alternative Spanish broadband provider Jazz Telecom (Jazztel) has revealed that it has signed up more than 100,000 customers to its fibre-to-the-home (FTTH) broadband service. According to the operator, its total contracted broadband subscriber base (which it defines as active subscribers and subscribers in the provisioning process connecting via either its ADSL or FTTH service) increased by 30,569 in the period under review, while year-on-year the total was up by 7% at 1.514 million. Active broadband subscribers, meanwhile, totalled 1.485 million, which again represented a 7% annual growth rate. With regards to FTTH accesses specifically, Jazztel noted that these had increased by 43,084 in the third quarter of 2014, to reach 103,781, with such growth continuing ‘to accelerate in line with the coverage increase of the FTTH network’.

Mobile customers meanwhile also saw significant growth, standing at 1.687 million compared to the 993,395 it had on its books a year earlier. Such customer gains mean that Jazztel has already exceeded its forecast for take-up for the end of 2014 as presented in its 2013-2017 Business Plan, and has already achieved the level expected for 2015. This rate of growth, meanwhile, has been attributed to an ongoing effort to migrate existing customers to multi-play tariffs, and in line with this, as at end-September 2014 78% of the operator’s broadband accesses were being taken with at least one mobile line, up from 74% three months earlier.

On the back of this customer growth, total turnover in 3Q 2014 stood at EUR298.4 million (USD395.9 million), representing a 14% increase against the same period of 2013. Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR55.8 million, meanwhile, up from EUR47.9 million in 3Q13, while net profit was up EUR17.6 million, representing a 4% year-on-year increase.

Spain, Jazztel