No real let-up: European mobile in Q2 2019 | Sep 2019

Sectors: 
Telecoms
Companies: 
BT
EE
France Telecom
Hutchison 3G
Iliad
O2
SFR
T-Mobile
Telecom Italia
Telefonica
Vodafone

European mobile revenue trends are not yet improving. Italy is still flat-lining at almost -10%, Spain worsened again, and the UK deteriorated sharply. France is the only good news story

5G rollouts seem somewhat tentative. Indications from the UK that it is leading to a more competitive environment may discourage European operators from exacerbating already challenging markets

Prior year comparables for Southern Europe will be more flattering in the second half of this year although a doubling in the drag from intra EU calls will dampen any recovery

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