Telefonica Espana revenues fall 16.4% in Q1

Wednesday 8 May 2013 | 10:50 CET | News
Telefonica reported first-quarter revenues in its home market Spain down 16.4 percent year-on-year to EUR 3.26 billion. Mobile service revenues dropped 13.6 percent to EUR 1.29 billion, hurt by the difficult economic climate and termination rate cuts, and wireline revenues were down 10.9 percent to EUR 2.22 billion. OIBDA dropped 7.9 percent to EUR 1.53 billion, while the margin improved by 4.3 percent points to 47.0 percent thanks to cost reductions. Telefonica reduced capex by 29.1 percent to EUR 252 million, while operating cash flow was down 2.2 percent to EUR 1.28 billion. On the mobile

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Categories: General
Companies: Movistar / Telefonica
Countries: Spain
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