Spanish telecoms market contraction slows to 2.9% in Q2

Following our previous posts related to spanish telecom situation, I’ve read an interesting essay showing a market contraction in the second quarter.

According to the publication, Spain’s telecommunications revenues were down 2.9 percent to EUR 9.74 billion in the second quarter, versus EUR 10.03 billion in the year-earlier period, according to telecommunications regulator CMT. The contraction was not as marked as in the first quarter, when the market shrank by 4.8 percent year-on-year, or in the second quarter of 2009, when it was down by 7.9 percent.

Within the total, retail revenues were down 2.5 percent to EUR 8.22 billion and wholesale revenues fell by 5.1 percent to EUR 1.52 billion. The biggest part of Spain’s retail telecommunications revenues was mobile services, down 3 percent to EUR 3.51 billion compared to the second quarter of 2009, fixed phone revenues were down 6.3 percent to EUR 1.48 billion, TV services slipped by 0.3 percent to EUR 1.2 billion and internet revenues by 0.2 percent to EUR 980.4 million.

Other important categories include terminal sales and rentals up 1 percent to EUR 373.94 million and business communication services, up 2.3 percent to EUR 364.59 million in the second quarter. On the wholesale side, the biggest component is interconnection, whose revenues were down 9.6 percent to EUR 1.07 billion. Leased line revenues grew by 10.8 percent to EUR 172.54 billion and broadband access service revnues soared by 33 percent to EUR 116.17 million.

Net, net, Spain is under a difficult financial situation and telecom is not an exception.

Enjoy the reading. Regards, CVA