Orange Spain sinks on competition expense
October 29, 2019
From David Del Valle in Madrid
Tough competition and low price offers have driven Orange Spain revenues down by 2.5 per cent in the third quarter to €1.31 billion, according to the company.
Overall, in the nine first months of the year, Orange Spain saw its revenues fall by 1.2 per cent to €3.93 billion. The company said it maintained its number of premium customers in a low-cost trend market fought out with Vodafone and MásMóvil.
Orange Spain captured 47,000 TV subscribers in the quarter versus the fall of 41,000 the previous quarter as a result of its football offers. It has a total of 711,000 subscribers. ARPU in the convergent packages increased by 0.7 per cent to €57.9 a month. The company has 4.1 million broadband customers out of which 3.1 million are FTTH.