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Telefonica Spain cuts revenue loss to -1% in Q1, extends 5G to 80% of population

Thursday 13 May 2021 | 09:33 CET | News
Telefonica's Spanish unit (Telefonica Espana) reported revenues of EUR 3.05 billion in the first quarter of 2021, down 0.9 percent year on year on but an improvement on annual falls of 2.9 percent and 4.3 percent in the previous two quarters thanks to better service revenues and handset sales, the latter up 29 percent year on year. The company's operating income before depreciation and amortisation (OIBDA) fell 2.5 percent year on year to EUR 1.19 billion but also improved sequentially due to lower service revenue erosion and lower content costs, offset by higher handset, IT and other

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Categories: General
Companies: Telefonica / Telefonica Espana
Countries: Spain
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