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General

Roaming impact cost Telefonica EUR 70 mln in Q3

Friday 27 October 2017 | 09:17 CET | News
The abolition of roaming charges in the EU on 15 June cost Telefonica an estimated EUR 70 million in the third quarter of 2017, reports business daily Expansion, citing Telefonica director Angel Vila. Telefonica reported third-quarter revenues down 2.5 percent from a year earlier to EUR 12.754 billion in the July to September period, with the losses attributed to exchange rate fluctuations and to the "significant impact" of new European regulations on roaming charges over the busy summer period.

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Categories: General
Companies: Telefonica
Countries: Spain / World
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