Vodafone grows in mobile, fiber and tv despite the limitations due to the coronavirus

The health and economic crisis caused by Covid-19 has not prevented Vodafone from maintaining a growth trend in the last quarter. The State of Alarm suspended portability for a time, but the new additions to the company's services (mobile, fiber and TV) have made the operator manage to grow in EBITDA up to 8.2%.

According to Vodafone, this increase is due to different factors. In mobile, due to the new prices and offers in the different rates, as well as the implementation of 5G networks in the Spanish market and the increase in customers in the Lowi brand. On TV for the decision not to renew football rights, since they did not offer high profitability, and creating a catalog of series and films according to what users demand. In addition to offers for SMEs and companies with connectivity and security solutions.

Income from services in the last fiscal quarter of the year is -2.7%, a somewhat more positive figure than that of Q3 2019, which stood at -6.5%. Which translates into a scope of 3,904 million euros in Spain. Total revenues reach 4,296 million euros. Again, a slight increase compared to previous quarters: in Q1 they fell by -10% and in the last quarter by -4%.

Increase in mobile, fiber and TV customers

During Q1 2020, Vodafone has grown in customers in all its offers. Mobile is where we see a greater increase in registrations, with 51,000 new registrations. The number of additions to the operator's unlimited rates is also growing, reaching 2.4 million active lines one year after the launch of the first unlimited rate.

The graph shows the evolution of each Vodafone business by quarter

In TV they add more than 41,000 clients. Leaving a total of 120,000 new users in the three offers during the last fiscal quarter. The company decided to change football for series and movies, creating a catalog focused on the Spanish market and adding the content most demanded by customers. Also because of the new flexible offer, which consists of 5 different packages for users who, for example, just want to watch movies or series.

In Fibra, the increase in customers is 28,000 new additions, and they already reach a total of 2,956,000 customers. Lowi, Vodafone's low-cost brand, has grown 50 percent in the last quarter.

Vodafone Business

Income from the Vodafone Spain service for companies and public administrations has grown 7 percent and for SMEs 6 percent compared to the same period last year. The growth is due to new offerings and connectivity solutions for work, as well as the implementation of 5G networks. They also grew in IoT by 22%, IPVPN by 16% and Cloud & Hosting by 59% compared to the previous year.