Telefónica enters the United Kingdom by 47.1% after changes in parameters due to merger

Telefonica Technology Results United R.

Madrid, November 4 (EFE) .- Telefónica entered the United Kingdom for 2,628 million euros from January to September 2021, a decrease of 47.1% compared to 2020, a change in parameters derived from the integration between O2 and Virgin in this period has been affected by. media, which is “progressing at a good pace.”

The operator, which presented its results to the National Securities Markets Commission (CNMV) this Thursday, does not have detailed earnings data for the third quarter of the year, and neither does Obda, due to the consolidation that helped the operator in the quarter. completely impressed. .

The accumulated OEBDA declared in this country as of September is 919 million euros, down 39.9%; While capital investment (capex) was 933 million, 52.8% higher.

The company has presented a proforma calculation of the results achieved in the UK if it includes its share of the post-merger with Virgin Media.

In this context, it is estimated that it would have entered 8,850 million euros from January to September, 1.1% more, despite falling revenue from the mobile business, after growing 1.2% and 3.6% in fixed and 5.1% in companies.

According to their accounts, revenue in the quarter would have been EUR 3,033 million, up 6.6%, driven by sales of high-end mobiles as well as the progressive relaxation of measures for COVID in the period.

Meanwhile, Obida (always including in pro forma data) for this last quarter would have grown 4.7% in reported terms to 1,061 million, though it would have fallen 0.9% in organic terms due to investments in marketing and digitization. Which offsets revenue growth and cost control.