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Wireless

Telefonica granted EUR 150 mln in consumer credit last year

Tuesday 29 January 2019 | 15:45 CET | News
Telefonica has announced that it granted a total of EUR 150 million in loans for smartphone acquisitions in Spain last year. The company formalised some 300,000 loans to customers under the Telefonica Consumer Finance joint venture set up with Spanish financial services provider CaixaBank. The vast majority of the loans were used to fund the purchase of high-end Apple and Samsung handsets, said the company, with 81 percent of the EUR 1,000-plus devices acquired by Movistar customers in 2018 subject to a financing deal.

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Categories: Mobile & Wireless
Companies: CaixaBank / Telefonica
Countries: Spain
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