New Street: Euskaltel kicks off Spain Q1s: "Very slight" Covid impact, Dividend reiterated
Euskaltel is the first of the Spanish operators to report Q1s. Numbers were broadly solid, although weakened at revenue (0.7% y/y in Q4 slowing to 0.1% in Q1) given a “very slight†Covid-19 impact.Euskaltel SA is a Spain-based company engaged in the provision of integrated telecommunication services. The Company's activities are divided into three segments: Residential, Business, as well as Wholesale and Other. The Residential segment provides fixed and mobile telecommunication services, broadband and wireless Internet, as well as digital television (TV) as a single service and in packages. The Business division primarily offers fixed and mobile telephony, as well as Internet access for enterprises. The Wholesale and Other area serves wholesale customers and is responsible for the delivery of communication services, such as infrastructure leasing, information technology (IT) outsourcing, as well as sell of installation material and electronics. The Company operates in the Basque Country, Spain.
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