The revenues of Orange fall 4.6% in the first half by the Covid-19

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Carlos Manso ChicoteSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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Orange España he has presented this Thursday the results for the first half of the year, in what has been the official farewell from your CEO Laurent Paillassot who will replace from 1 September, Jean – François Fallacher (up to now responsible for Orange Poland) and announced will begin deployment of 5G by the end of this year , regardless of delay in the auction of the 700 Mhz band. The operator gala has estimated the impact of the cessation of commercial activity by the Covid-19-in-70-million of euros, by the forced closure of the shops, the prohibition of the portabilidades or the fall of income of the roaming aliens. In the same way, has announced a complete renewal of the supply of its brands in all segments (Orange, Jazztel, Fun, Republic, Mobile and Simyo) from August.

In particular, the teleco has registered revenues of 2.503 million € – 4.6% less that makes a year – between January and June. Only in the second quarter, turnover fell by 6.8% to 1.216 million euros by the gridlock caused by the Covid-19 and the “drift” of the sector towards the low-cost . Only the income from services yielded a 2.9% year-on-year (2.240 million euros) for a total of 5.8% of the invoiced services-retail (1779 million) and 17% of the marketing of equipment (263 million), the closing bound of the points of sale physical. All of the above has impacted on EBITDA, which declined by 7.5% compared with the same period of the previous year to 728 million.

currently, Orange has in Spain 19,82 million customers , of which 15,86 million are mobile service and is 3.96 of fixed broadband, with a growing weight of the customers of fiber and 4G. In this regard, 3,19 million customers already enjoy services on FTTH while the users of 4G are already 10,91 million . In regards to Orange TV, the platform has now 672.000 subscribers cierte of the first half.

5G, at the end of the year

In line with this, the CEO of the operator Laurent Paillassot, has made an important announcement during the press conference online presentation of the results: the deployment of 5G will begin at the end of this year, although they have not given more details, but has said that it will not influence in any way the delay of the auction of the 700 Mhz band. “The prices are dropping, there is a very wide range and the terminals are cheaper,” he noted Paillassot who also h reaffirmed “the commitment to Spain and it will expand the fiber network”.

similarly, it has also ruled out that there will be in the sector consolidation during this year. “It is very soon. Until the end of the year there will be no movement,” he noted.

In particular, during these six months, Orange has invested 392 million euros – nearly 16% of its revenue – continue with the deployment of their infrastructures of new generation although the rimto inverter has also been affected by the pandemic, decreasing by 26% in comparison with the last year.

New rates

The operator has also announced that to tackle “a market is more difficult with more actors, even with almost 50 brands across Spain and more aggressive, with greater weight in the segment of low cost” has renewed the entire portfolio of all of their marks: Orange, Jazztel, Fun, Republic, Mobile and Simyo that will count with new convergent since August. A renewal that has also been reached in the companies segment, with specific products for smes and self-employed.

Orange Bank

Regarding Orange Bank , that landed in Spain end of last year, focused on consumer finance, from the teleco have shown their satisfaction because it already has more than 30,000 customers and a “good host” of products such as the “Digital Card First” (no data or numbering sensitive).

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