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General

Telefonica to accelerate investment in 2014

Thursday 27 February 2014 | 08:31 CET | News
Telefonica announced plans to boost investment in 2014 in order to take advantage of demand for faster data services and accelerate its sales growth. The company forecast capital expenditure of 15.5-16 percent of revenues this year, versus 14.5 percent in 2013. Revenues are expected to show "positive growth", after a 0.7 percent organic increase last year. The EBITDA margin will remain under pressure, after dropping 1.4 percent points in 2012 and 0.2 points last year. Telefonica said the margin could stabilise this year or fall by as much as 1 point this year if the company decides to spend

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Categories: General
Companies: Telefonica
Countries: Europe / Latin America / Spain
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