Cash outflows for investing activities decreased to EUR 449.6 million in the first nine months of 2009 compared to EUR 531.4 million in the first nine months of 2008 mainly due to lower capital expenditures.
Cash from financing activities recorded a net inflow of EUR 5.7 million in the first nine months of 2009 compared to a net outflow of EUR 619.0 million during the same period of the previous year as a consequence of the repayments of short-term borrowings in 2008.
Total capital expenditures decreased by 21.4% to EUR 419.8 million in the first nine months of 2009 mainly due to lower capital expenditures in the Mobile Communication segment. Capital expenditures for tangible assets declined by 25.6% to EUR 309.2 million, while capital expenditures for intangible assets decreased by 6.7% to EUR 110.6 million.
|in EUR million||1-9M 09||1-9M 08||% change|
|Total capital expenditures||419.8||534.3||-21.4%|
In the Fixed Net segment capital expenditures decreased by 13.4% to EUR 156.9 million during the first nine months of 2009 due to postponements of investments in access and core infrastructure as well as a restrictive investment policy.