Digi Spain's Cost Control to Boost Market Share

Dow Jones
2 hours ago

0657 GMT - Digi Spain Telecom's market-share gains are expected to continue thanks to its operational focus and minimal use of outsourcing, Citi analysts say in a note. The telecommunication company's cost control allows it to offer packages at significantly lower prices than competitors and its mobile market share has grown to 13% from last year's 11%, Citi says. Its fixed broadband share has reached 15%, up from 12%. The company is also evolving its operations and use of infrastructure to drive greater operational leverage, the analysts say. Citi starts covering Digi Spain Telecom's stock with a buy rating and a 8.30-euro price target. Digi Spain closed Monday at 6.64 euros.

 

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