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General

Telefonica revenues down 5% in Latin America, Mexico returns to OIBDA growth

Thursday 7 May 2020 | 10:09 CET | News
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Telefonica said its operations in Latin America posted a 4.8 percent organic decline in total revenues to EUR 2.20 billion in the first quarter of 2020, attributed to lower handset sales (-14.7%) due to early Covid-19 impact and lower service revenues in mobile. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced in November.

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Categories: General
Companies: Movistar / Telefonica
Countries: Latin America
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