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General

Telefonica Q4 revenues down 3% in Latin America, grows postpay

Thursday 25 February 2021 | 09:39 CET | News
Telefonica said its operations in Latin America posted a 2.5 percent organic decline in total revenues to EUR 1.93 billion in the final quarter of 2020, attributed to COVID-19 impact and a challenging competitive environment across the region. However, the company said its Telefonica Hispam unit (comprising all of Telefonica's Latin American subsidiaries, with the exception of Brazil) continued maximising efficiencies and increasing profitability, posting a 2.4 percent increase in operating cash flow (OIBDA-CapEx) in 2020 as a whole, supported by a higher OIBDA-CapEx margin.

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Categories: General
Companies: Telefonica
Countries: Latin America
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