Thursday , August 18 2022

More competition and regulation produces new losses for Movistar Mexico



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After presenting his report on finance last three months in October, where he showed a daunting reduction of 11.8%, Movistar that its financial results for the fourth quarter of 2018 continue to decline.

According to the company, its total revenues and operational flows significantly reduced due to the regulatory impact and massive competitiveness that occurs in the market compared to AT & T a Telcel.

In your report, Movistar It indicates that the cost of the operation has dropped to 78.9% by adding 13 million euros, and the company's revenues were reduced by 6.3% to 308 million euros.

For this reason, the company explained that they continue in their strategy of adding more valuable customers, reflected in their 8% growth in contracts, as their subscriber potential has increased.

Even though, Movistar He noted that his customer base in Mexico at the end of 2018 reached 26.3 million, because of his aggressive strategy of phone plans, which aims to stand out in the market.

Finally, the phone company respected its new proposal launched in November, where it costs £ 3 pesos offering a contract for unlimited services in voice and data calls.

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