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Telefónica Deutschland increases its losses to 178 million euros

Telefónica Deutschland, a German subsidiary of the Spanish telecommunications company, increased its net loss in the first three quarters by eight euros to 178 million euros, compared to the previous year, due to amortization and depreciation.

Frankfurt (Germany) Oct. 25 (EFE) .- Telefónica Deutschland, a German subsidiary of the Spanish telecommunications company, multiplied its loss in the first three quarters by eight net to 178 million euros, compared to the previous year, due to amortization and depreciation.

Telefónica Deutschland reported today that the operating loss was in the same a period of 152 million euros, compared to a profit of 4 million euros a year earlier.

Telefónica Deutschland, which operates under the O2 brand and is now the largest telephone company mobile in Germany, has had to make further depreciation and amortization due to the consolidation of networks by integrating E-Plus.

It invoiced up to September 5,392 million euros, 3.1% less than a year before, after the fall of the tariffs that charges other companies for the mobile calls that end in their network and the disappearance of the rates roaming in the mobile in Europe.

These changes in regulation had a negative effect of 118 million euros between January and September.

fell by 1.7% (4,727 million euros) and fixed telephony and DSL fell 12% (654 million euros).

Operating expenses decreased to 5.2% in September (4,201 The German company explained that it had negative extraordinary effects of EUR 53 million on restructuring costs (EUR 51 million) and consultancy for acquisitions (2 million euros).

Operating income before depreciation and amortization fell 19.8% between January and September to € 1,288 million, as the year past had an extraordinary income of 352 million euros from the sale of assets.

Depreciation and amortization were up to September of 1,440 million euros (1,602 million euros of euros a year earlier) for the accelerated amortization of software assets by integrating information technology and expiring some spectrum licenses in 2016.

Telefónica Deutschland has proposed the distribution of a dividend of € 0.26 per share for fiscal year 2017, 4% more than the amount distributed in 2016, which totaled € 744 million euros.

It also predicts that it will continue to have negative effects on mobile telephony due to changes in regulation.

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