The Telefónica Group of Spain reported steady growth in all of its major business lines and the general improvement of its financials. Revenues in Q4 2003 increased 9%, EBITDA 18.3% and operating income 41.6% compared to a year earlier. Some Telefónica Group operating highlights, as of 31-Dec-2003:
- 99 million telephony customers, a 13% increase on end-2002.
- 52 million managed cellular customers, a 25.7% rise on last year, thanks mostly to strong commercial activity in all its areas of operation. In 2003, the cellular business became the largest contributor to Group EBITDA, with EUR 4.581.9 billion (36.4% of the total vs 32.7% in 2002).
- 2.7 million ADSL connections, up by 81.8% for the year. Of this total, 1.9 million are in Europe and the rest in Latin America.
- Spain represented 62% of the Group's 2003 revenues, compared to 59% for the prior year. Latin America's contribution to the company's revenues was down to 33.3% of the total, compared to 35.2% a year earlier.
- Net debt of Telefónica Group was EUR 19.235 billion, down from EUR 22.533 a year earlier
- CAPEX in 2003 totaled EUR 3.727 billion, a decrease of 1.6% from 2002
