Telefónica Hispanoamérica reported an improvement in its financial results, as well as in its operating indicators for the first quarter of 2022. This was possible due to the good performance of the fixed and mobile businesses, as well as its commitment to network deployment alternatives through alliances.
Revenues in the first quarter grew by 4.3%, reaching 2,150 million euros. These increased in all the countries of the region, with a positive performance in Peru (increase of 7.9%) and Colombia (increase of 10.6%), and a return to growth in Mexico with 0.4%.
On the side of operating indicators, in the mobile segment there was a 6% increase in postpaid customers (contract) compared to the first quarter of last year. In this sense, Mexico had a strong performance with an increase of 17% accesses at a year-on-year level. For their part, Colombia and Argentina exceeded 100,000 new connections in the quarter.
Regarding the fixed business, the Connected Real Estate Units (UIC) with fiber optics to the home grew by more than 784 thousand, a 22% increase compared to the same period last year. Thus, Colombia (with an increase of 55%) and Chile (with an increase of 40%) stood out. This occurred in line with the deployment of alternative models implemented in both countries.
Regarding Past Real Estate Units (UIP) with access to fiber optics, the company added nearly 2.9 million additional new UIPs with the possibility of accessing fiber optics to the home and cable in the region, which means an increase 26% compared to the same period last year. At the end of the first quarter, Telefónica Hispanoamérica had more than 13.9 million UIPs with access to fiber optics.
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In Chile, revenues grew by 3.9% year-on-year after the expansion of fiber optic connections to the home (+40% year-on-year). After the launch of 5G in December 2021, coverage reached all regions of the country. For its part, the certification of Chilean Standard 3262 was renewed, reaffirming that internal procedures and action plans include a gender approach.
For its part, in Peru, strong year-on-year revenue growth was maintained (+7.9%) due to greater accesses for mobile contracts (+7%) and broadband (+4%). In addition, for the second year in a row, 100% of the electricity used in operations was renewable.
In Colombia, meanwhile, revenues grew by 10.6% year-on-year, thanks to growth in mobile accesses (despite a more competitive market after the entry of Wom) and a strong acceleration in fiber optic connections to the home.
Regarding Mexico, revenues grew by 0.4% year-on-year in the first quarter of the year, compared to -4.8% in the fourth quarter of 2021, as a result of better prepaid performance and solid growth in accesses of contract postpaid (+17% year-on-year). This despite the reduction in mobile interconnection rates (-7% year-on-year).
Finally, in Argentina Revenues increased by 37.7% year-on-year in local currency due to higher postpaid contract accesses (+4%) and fiber optic to the home (+22%), as well as due to the updating of the tariff schedule. The company continued to promote inclusive connectivity with Imowi, connecting 32 locations that did not have mobile network coverage.