Telefónica del Perú presented financial results for the second quarter of 2022

The income totals of Telephone of Peru in the second quarter of 2022 amounted to S/1,789 million, an increase of 3.4% compared to the same period in 2021. This was possible through the deployment of the strategy and the reinforcement of its new operating model.

“This quarter’s results reflect our solid competitive position and constitute further evidence of the consolidation of relevance in the sector. We have five consecutive quarters of revenue growth and our growth is profitable in line with our transformation strategy”, said Pedro Cortez, CEO of Telefónica del Perú.

It should be noted that in the first half of 2022, Telefónica reported revenues of S/3,556.4 million, an increase of 5.5% compared to the same period of the previous year.

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fixed business

During 2Q22, Telefónica maintained its leadership in the fixed segment with 4.8 million total accesses, of which 1,954,000 were broadband accesses, 1.3 million Pay TV and 1.4 million fixed voice.

In that sense, in 2Q22 the company reached S/875 million in total fixed income, an increase of 1.9% compared to the same period of the previous year. This growth was mainly driven by wholesale (+3.9%) and data and information technology (+28.6%), the latter composed mostly of services to the B2B segment.

At the accumulated level of the first semester, S/1,390.6 million were reached in the fixed business, +0.6% compared to the same period of the previous year.

During 2Q22, Telefónica continued with the progressive expansion of fiber optics to the home. In this sense, it reached 1.5 million homes with the possibility of contracting this technology, the most developed in the countries with the best connectivity. This deployment meant an increase of 270 thousand (22%) compared to the same period of the previous year. With these advances, Telefónica maintains its status as the largest fiber optic company to the home in the country.

Optical fiber

mobile business

In the case of the mobile business, at the end of 2Q22, 11.6 million accesses were reached, a decrease of -0.7% compared to the same period of 2021. These accesses are distributed in 5 million postpaid (+1.2% vs. 2Q21) and 6.7 million in prepaid (-2.1% vs. 2Q21).

At the level of total mobile revenues, the company reached S/913.2 million, a growth of 5% compared to 2Q21. This result was driven by higher revenues from the postpaid service −an increase of 10.8% vs. in 2Q21−, a 23.2% increase in postpaid origin portability and the updating of the commercial grid with greater benefits.

At the accumulated level of the first semester, S/1,816.3 million revenues were reached in the mobile business, +8.8% compared to the same period of the previous year.

Operative result

The operating result for 2Q22 improved by S/228.9 million compared to 2Q21. This was mainly due to the increase in mobile revenues and the reduction of expenses. At a cumulative level, in 1H22 we achieved a growth of S/270.6 million compared to the same period of the previous year.

However, Telefónica del Perú faces the challenges faced by the telecommunications sector, such as a slowdown in growth, as well as the consequences of the slowdown in growth derived from the current economic context.

Digital and social inclusion

In May, Internet Para Todos’ (IPT), a company created by Telefónica del Perú, Facebook, IDB Invest and CAF to close the connectivity gap in Peru, celebrated its third year of operation with the new milestone of having brought internet access 4G to more than 2.5 million people and more than 13,700 locations throughout Peru. The celebration for the three years of IPT was held in person in the town of Asunción, in the province of Cajamarca, and brought together local authorities, residents and students from the community, as well as IPT partners and telecommunications companies .

On the other hand, the women’s training and employability program ‘Mujeres en Red’ announced the opening of calls in the areas of technical service and infrastructure maintenance, through Telefónica’s collaborating companies. This program, launched at the end of 2020, has promoted the hiring of more than 250 technical women, that is, it achieved a female participation of 10% of the total technical service. For this year, ‘Mujeres en Red’ has broadened its commitment to equity and incorporated new areas.

Responsible company

In June, Movistar was awarded for the eleventh consecutive year with the Distinction “Socially Responsible Company” (ESR), granted by the Sustainable Peru Association in alliance with the Mexican Center for Philanthropy (Cemefi). On this occasion, Movistar was recognized, once again, for its sustainability management during 2021, promoted through its Responsible Business approach and principles, which allows it to have a relationship of trust with its stakeholders.

In addition, for the second consecutive year, Movistar received the international certifications from I-REC and AENOR that ensure the renewable origin of 100% of the use of electrical energy from the hydroelectric generation plants of Statkraft Peru, used in all its operations in the country. In this sense, the company’s carbon footprint was reduced by 92% by 2021 (CO2 emissions) compared to the base year 2015, in accordance with its Renewable Energy Plan (whose objective is to be 100% renewable by 2030) and with the purpose of contributing to lessen the effects of climate change.

Likewise, it was learned that Wayra Hispam, the open innovation hub and corporate fund of Telefónica Movistar in the region, has had an accumulated investment in Peru of 3.9 million dollars in its 11 years of experience in the country. It currently has 13 active startups such as Chazki, Crehana, Joinnus, Fitco, Mapsalud, Imix, among others.