Moviles income up 20%

Spanish mobile operator Telefonica Moviles Wednesday reported a 20.09 per cent increase in net income for the second quarter to reach Eur599m (£409m).

Consolidated revenues for the quarter increased by 9.4 per cent year on year to Eur4.4bn while consolidated EBITDA grew 13.2 per cent to Eur1.4 billion.

The operator added 4.3 million subscribers during the quarter, taking its global customer base to 101 million subscribers as of the end of June. Latin America captured close to 4 million new customers during the quarter, to end June with a total customer base in the region of 76.2 million, while the Spanish operation recorded net adds of 378,000.