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General

Telefonica Germany raises outlook on faster merger synergies

Thursday 5 November 2015 | 09:48 CET | News
Telefonica Deutschland raised its full-year outlook for OIBDA growth, saying it's achieving synergies from the takeover of E-Plus faster than expected. The company now expects OIBDA to grow 15-20 percent this year, up from its earlier outlook of at least 10 percent growth. OIBDA rose 29.8 percent year-on-year in the third quarter to EUR 454 million and was up 16.8 percent in the first nine months of the year, driven by synergies and cost savings from the merger. Savings from the merger are now expected to reach EUR 280 million on an annual basis this year, up from a previous forecast of EUR

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Categories: General
Companies: E-Plus / Telefonica / Telefonica Deutschland
Countries: Germany
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