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General

Telefonica Spain returns to growth in 2016, profit up 1.4%

Thursday 23 February 2017 | 08:33 CET | News
Telefonica's Spanish unit (Telefonica Espana) reported service revenues of EUR 3.07 billion in the fourth quarter of 2016, up 1.9 percent compared to a year earlier and an improvement on the previous quarter's 0.6 percent rise, driven by the increased penetration of high value services. The company's operating income before depreciation and amortisation (OIBDA) for the quarter came in at EUR 1.31 billion, up 2.6 percent year-on-year, while the margin expanded by 1.1 percentage points year-on-year to 40.6 percent. The company also returned to full-year growth in 2016, posting service revenues

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