Altice Portugal revenues increase 5%

Altice Portugal closed the first quarter with revenues of €549.1 million despite the country being in lockdown.

The owner of brand MEO succeeded in increasing its revenues, benefitting from the good performance of different segments of the business.
The EBITDA fell, but its investment commitment has remained on course despite its criticisms of the 5G auction process.
“Altice Portugal’s resilience has been shown once again by like-for-like growth of 5.1%” says the company in a communiqué.
“The growing and uninterrupted client base and company services have been decisive both in the fixed and mobile business.”
Despite an increase in revenues, EBITDA fell. “EBITDA presented a like-for-like decrease of -2.8%, at €204.3 million”, an amount in line with forecasts” states the company which is led by Alexandre Fonseca.
“The upward curve in revenues was accompanied by an increment in direct and commercial costs to support high levels of growth both at the level of subscribers and portfolio diversification, depute continuing to tightly control operational costs,” explains the telecoms operator.
In terms of investment, Altice Portugal maintained its commitment in the first quarter with a Capex of €111.3 million, a 6.8% growth like-for-like on Q1 2020.