OREANDA-NEWS. Fitch Ratings says in its Spanish Telecoms Dashboard that after a successive period of market revenue contraction, the Spanish telecoms market is showing signs of improvement - a trend that is similar to other western European markets such as France, Netherlands and Germany.

While the pace of improvement in Spanish market value is currently slow, this could accelerate on the back of consolidation effects, cost-cutting, and data and content monetisation. The improvement in market structure as a result of consolidation and higher market value is likely to lift competitive pressures, improve sector dynamics and allow greater price stability. These factors were core to our recent revisions of the Outlook for Telefonica S.A (BBB+/ Stable) and, to some extent, for that of Orange S.A (BBB+ / Stable).

The "2H15 Spanish Telecoms Dashboard" explores key trends in the sector and their impact on the main network operators in the country, including the following:

- How operational KPIs evolve following recent market consolidation
- The ability of operators to monetise investments in broadband networks
- Whether market contraction will continue to slow

A complete review of these topics including the dashboard is available at www.fitchratings.com.