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Telefonica Germany growth slows in Q2 but confirms outlook for 2020

2020-07-29 09:38:00| Telecompaper Headlines

(Telecompaper) Telefonica Germany said its revenues increased by 0.3 percent year-on-year in Q2 to EUR 1.79 billion, impacted by the Covid-19 pandemic and other non-recurring factors impacting mobile service revenue. Adjusted OIBDA declined by 5.1 percent to EUR 552 million, reflecting higher supply costs from handsets and EUR 43 million of combined effects from Covid-19 and other one-time factors.

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