Movistarthe Mexican unit of Telefonica Groupannounced a 5.2% increase in its revenues during the third quarter of 2022, this driven by sales of postpaid services and mobile devices.
The company reported on an OIBDA that was reduced by 24.7%, due to increases due to the migration of its traffic to the network of AT&T.
Movistar’s OIBDA-CapEx in the accumulated period from January to September 2022 grew by 3.9 percent.
Movistar reported that it continues with the dismantling of the access network, posting a 42% of network already dismantled.
“Continuing with the group’s strategy in Latin America, we innovate and become the first digital operator in Mexico by implementing a new challenging and disruptive model of open infrastructure sharing, leading alliances with various public and private actors that allow us to carry out an efficient deployment network. Our focus will continue to be to consolidate our businesses through digitization and the improvement of our customers’ experience,” he said. Camilo Ayapresident and CEO of Telefónica México.
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