Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Spain's Jazztel H1 EBITDA up 21 pct on new mobile, fibre clients

Published 28/07/2014, 17:20
Spain's Jazztel H1 EBITDA up 21 pct on new mobile, fibre clients

MADRID (Reuters) - Spanish telecoms group Jazztel on Monday reported a 21 percent rise in first-half core earnings, driven by new clients for mobile phones and fibre-optic internet.

The company, considered by some analysts as a possible takeover target for bigger Spanish and European competitors, said earnings before interest, taxes, depreciation and amortisation (EBITDA) reached 104.3 million euros (82.52 million pounds) in the first six months of the year.

Jazztel said last week it would expand its fibre optic network investment, saying it aimed to connect 7 million homes. It currently has 2.2 million homes connected to its Fibre To The Home (FTTH) network, on course to meet by year-end its original target of 3 million homes connected. ($1 = 0.7440 Euros)

(Reporting by Julien Toyer; Editing by David Holmes)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.