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Tag: telefonica
Telefonica gets $1 billion credit line for Ericsson infrastructure
2013-03-05 14:44:44| Telecom - Topix.net
Government export credit agencies tend to support big deals that involve exports to emerging economies and provide a boost to local manufacturing.
Tags: line
credit
billion
infrastructure
Telefonica surprises with signs of Spanish turnaround
2013-02-28 22:15:44| Telecom - Topix.net
The carrier, which has been battling recession for over a year in its domestic market, boosted its Spanish operating cash flow for the first time in four years as it successfully targeted customers with value-for-money deals.
Tags: spanish
signs
surprises
turnaround
Telefonica net profit falls 82% in Q4 on impairment charges
2013-02-28 08:25:00| Telecompaper Headlines
(Telecompaper) Telefonica reported net profit of EUR 473 million for the fourth quarter of 2012, down 82.3 percent from the year-earlier period. The result included an impairment charge of EUR 949 million on its stake in the Telco shareholding in Telecom Italia, a Telefonica Ireland impairment of EUR 513 million and the effect of the Venezuelan Bolivar devaluation, at EUR 417 million. OIBDA fell 8.6 percent to EUR 5.45 billion, and the margin was down 2.5 percent points to 34.4 percent. Revenues were down 2.0 percent to EUR 15.84 billion. Debt reduction accelerated in the last quarter, with net down by EUR 4.75 billion over the three months to EUR 51.26 billion. Telefonica met its target for net debt of less than 2.46 times EBITDA, with a ratio of 2.36 at year-end. With annual revenues down 0.8 percent, the operator did not quite meet its target for flat sales in 2012, but Telefonica said it expects a return to revenue growth in 2013. The decline in EBITDA margin should also be smaller this year than last year's 1.9 percent point drop. Capex is forecast similar to last year's 14.2 percent of revenues, and net debt is expected to drop below EUR 47 billion by the end of 2013. Telefonica reiterated it will restore its cash dividend in 2013, at EUR 0.75 per share.
Tags: net
falls
charges
profit
Major telco, OTT player share scepticism on Telefonica Digital model
2013-02-28 01:00:00| Total Telecom industry news
Top executives from Deutsche Telekom, Viber point to investment required for telcos to launch OTT apps of their own.
Tags: share
digital
major
model
Telefonica posts Q4 net profit drop on Venezuela devaluation
2013-02-28 01:00:00| Total Telecom industry news
Spanish telco reduces debt to 51.3 billion; aims for further reduction to 47 billion this year.
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