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Tag: telefonica
Telefonica sales down 9.5%, meets debt reduction target
2013-11-08 08:44:00| Telecompaper Headlines
(Telecompaper) Telefonica reported third-quarter sales down 9.5 percent year-on-year to EUR 14.06 billion, hurt by negative currency effects in Latin America and weak markets in Europe. On on organic basis, excluding forex and divestments, revenues rose 2.1 percent, an improvement compared to 0.5 percent growth in Q2 and a 1.6 percent decline in Q1. The company recorded 10.9 percent organic growth in Latin America and a 7.1 percent fall in Europe. OIBDA declined 12.6 percent to EUR 4.68 billion, and the margin dropped 1.2 percent points to 33.3 percent. Net profit was down 21 percent from a year ago to EUR 1.09 billion or EUR 0.24 per share. In the first nine months of the year, Telefonica increased capex 5.6 percent to EUR 6.02 billion, in part due to spectrum acquisitions, leading to a 19.9 percent fall in operating cash flow to EUR 8.08 billion. The company still met its debt reduction target one quarter early, reaching net debt of EUR 46.0 billion at the end of September, for leverage of 2.30 times EBITDA. Telefonica said it had refinanced more than EUR 10 billion in debt in the past year and was covered for repayments in the next two years.
Tags: sales
target
reduction
debt
Telefonica Q3 net profit drops on weaker Latin American currencies
2013-11-08 01:00:00| Total Telecom industry news
Spanish telco reduces debt to 46.1 billion, meeting its full-year target.
Tags: net
american
profit
latin
Exclusive: Telefonica likely to back Telecom Italia cash call, eyes TIM sale
2013-11-06 18:43:01| Telecom - Topix.net
Spain's Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in 2014, multiple sources familiar with the strategy said.
CNMC to investigate Telefonica, Yoigo network-sharing deal
2013-11-05 15:20:00| Telecompaper Headlines
(Telecompaper) The Spanish regulator CNMC (National Commission for Markets and Competition) announced that it has initiated an investigation into the network-sharing agreement between Telefonica and Yoigo that could lead to sanctions against the two operators. The CNMC, which last month absorbed telecoms regulator CMT and competition watchdog CNC, stated that it would be investigating whether the agreements between the two companies for the use or deployment of mobile networks and for joint commercial distribution could amount to a restriction of competition.
Tags: deal
investigate
telefonica
yoigo
Telefonica sells Czech operator to PPF for EUR 2.5 billion
2013-11-05 09:35:00| Telecompaper Headlines
(Telecompaper) Telefonica has agreed to sell a majority stake in Telefonica Czech Republic to the private equity firm PPF. For the 65.9 percent stake, which includes also Telefonica Slovakia, PPF will pay EUR 2.467 billion (CZK 63.6 billion). This includes an initial payment of EUR 2.063 billion and EUR 404 million over the next four years. Telefonica will also receive a dividend of EUR 260 million from the Czech operator before the deal closes and maintain a 4.9 percent equity stake in the company. As part of an industrial and commercial partnership with the new owner, Telefonica Czech Republic will be renamed but continue to have rights to the O2 brand for four years. In addition, the company will become part of Telefonica's Business Partners Program. Telefonica said it will use the proceeds of the sale to reduce debt and realise a capital loss of EUR 56 million on the transation in Q3.
Tags: eur
czech
operator
billion
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