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General

Telefonica improves LatAm revenue trend on Colombia, Chile boost

Thursday 13 May 2021 | 10:26 CET | News
Telefonica reported first quarter revenues of EUR 1.94 billion for its operations in Latin America, down 0.2 percent year on year on an organic basis but an improvement on annual falls of 2.4 percent and 6.4 percent in the previous two quarters due mainly to improvements in Chile, Peru and above all Colombia. The company said its Telefonica Hispam unit (comprising all of Telefonica's Latin American subsidiaries with the exception of Brazil) continued maximising efficiencies in operating expenses and Capex, posting a 31.5 percent organic increase in operating cash flow (OIBDA-CapEx) in the

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Categories: General
Companies: Telefonica
Countries: Latin America
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