In the quarter to March 31, net income rose 17.9% to 423.3m euros ($514.3m) on revenue 20.2% higher at $2.56bn euros ($3.1bn). While revenue in Spain rose 17.4%, the company’s Latin American operations showed 29.6% growth and now account for 26% of total revenue.
The Madrid, Spain-based subsidiary of Spanish incumbent Telefonica said it has 54.4 million managed customers at the end of the quarter, 30% higher than a year earlier. When its $5.85bn (4.72bn euros) acquisition of the Latin American wireless assets of US carrier BellSouth Corp is complete, this will take its customer base to 66 million.
This article is based on material originally published by ComputerWire
