For the period January to June 2017, Telefónica reported steady growth across several sectors. Its customer base increased by 19% year-on-year (YoY) in smartphones and FTTx and cable and 5% YoY in mobile contract. Revenues totalled €12.9 billion, up 1.9% YoY, double digit growth in mobile data revenues up 17.8% YoY, and net income totaled €821 million, up 18.4% YoY, with earnings per share up €0.15, up roughly 16.3%.
For the same period, Orange experienced solid growth. Revenues increased 1.4% in Q2 of 2017, YoY at €20.3 billion. Adjusted EBITA was also up by 2.4% for Q2 at €6.0 billion, and capital expenditure had the biggest improvement, growing by 3.8% in Q2 at €3.3 billion.
Turk Telecom saw an increase of 188,000 broadband subscribers, moving from 8.912 million to 9.1 million in Q2, 145,000 of which were fibre subscribers. Average revenue per user grew by 7.5% YoY, caused by demand for higher speed and capacity. Revenue for the company was also up, 14.2% YoY, with adjusted EBITA also experiencing growth of 29.5% YoY.
Consolidated revenues for SK Telekom rose by 1.8% YoY, particularly across wireless service and subsidiaries SK Broadband and SK Planet. Operating profits showed an increase of 3.9% YoY despite higher marketing expense and depreciation cost at the parent company. Net income was up 113.2% YoY due to equity gains from SK Hynix.
Net income for STC in the second quarter increased by 7.9% quarter on quarter, totalling SR 2.4 billion, and the net income reached SR 4.9 billion, an increase of 6.6% YoY. Earnings per share grew to reach SR 2.45 compared to SR 2.30 for the same period last year.
Etisalat reported losses across several sectors. It recorded an aggregated subscriber base of 139 million, decreasing by 1% YoY; consolidated revenues fell by 4% YoY – totaling AED 12.8 billion. Consolidated EBITDA amounted to AED 6.6 billion, showing a decline of 3% YoY, net profit after federal royalties amounted to AED 2 billion, indicating a net profit margin of 15% which is two points lower than the previous year.
Adjusted revenues for KPN were 2.1% lower YoY in Q2 2017. Adjusted EBITADA was 1.5% higher YoY due to ‘simplification’, low subscriber retention and acquisition costs. Operating profit rose by 13% YoY driven by €19 million lower amortization charges; net profit was up by 18% YoY to €191 million. Capital expenditure in the first half of 2017 was 20% lower than the previous year.
Surprisingly Huawei, despite experiencing growth across the board, recorded the slowest growth experienced by the company for nearly four years. Revenues were up 15% to 283.1 yuan, while this time last year the company was experiencing a 40% YoY increase in revenues. Revenues in carrier and enterprise customers were up just 9.6% YoY in the first six months of 2017.