The North heads south: European mobile in Q4 2018 | Apr 2019

Sectors: 
Non-UK Telecoms
Telecoms
Companies: 
BT
Huawei
Hutchison 3G
Iliad
O2
T-Mobile
Telefonica

European mobile service revenue growth dropped to -1.3% – its lowest level in three years – particularly disappointing as growth should be bouncing back post-EU roaming tariff cuts

Having enjoyed relatively favourable dynamics in 2018, the UK and Germany are facing marked changes in momentum from here

Regulation limiting intra-EU call prices could hit hard – up to 6% of revenues and 20% of EBITDA in the UK, although other EU countries may be less exposed due to lower tariffs currently

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