Orange Spain increase subs and profits
February 21, 2018
From David Del Valle in Madrid
Orange Spain is performing well in a competitive market in terms of profits and subscribers. The company ended the year with 17 per cent rise in EBITDA up to €1.58 billion on revenues of €5.37 billion, and up 7.1 per cent year-on-year.
Spain is the country with the highest growth for the French telco group, which ended the year with a total of 20 million customers, mainly boosted by the strong growth in optic fibre and pay-TV in the fourth quarter.
As of December 2017, Orange had over four million broadband customers, out of which 2,260,000 were connected to optic fibre, with a rise of 40.4 per cent in the fourth quarter. In pay TV, the company has 626,000 subscribers, with a growth of 23.4 per cent in the fourth quarter.
Orange Spain invested a total of €1.11 billion in 2017 (21 per cent of revenues) in the deployment of 4G and optic fibre networks. The company already has passed 12 FTTH million homes, with plans to reach 16 and 18 million in 2018 and 2020, respectively.