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Tag: telefonica
Telefonica Q2 sales plunge 11% in Latin America on heavy Covid-19 and forex impact
2020-07-30 09:52:00| Telecompaper Headlines
(Telecompaper) Telefonica said its operations in Latin America were heavily impacted by the Covid-19 pandemic and weak local currencies in the second quarter of 2020, with revenues plunging 10.8 percent on an organic basis and 28.0 percent on a reported basis to EUR 1.89 billion, compared to EUR 2.61 billion a year earlier. The newly-combined Telefonica Hispam unit comprises all of Telefonica's Latin American subsidiaries, with the exception of Brazil, and is being spun off as part of a wide-ranging restructuring plan announced last November.
Tags: sales
america
impact
heavy
Telefonica Q2 results hit by Covid-19, forex effects, revenues fall 15%
2020-07-30 09:14:00| Telecompaper Headlines
(Telecompaper) Telefonica reported a sharp fall in second-quarter results, hurt by the Covid-19 pandemic and negative forex effects. Revenues fell 14.8 percent to EUR 10.34 billion, OIBDA was down 25.3 percent to EUR 3.32 billion, and net profit plunged 50.7 percent to EUR 425 million. Telefonica said underlying cash flow improved slightly, thanks to efforts to control costs and accelerate the digital transformation, and the company still expects to meet its full-year cash flow and dividend targets.
Tags: results
hit
fall
effects
Telefonica Spain revenues down over 5% in Q2, commits to 100% fibre coverage by 2025
2020-07-30 09:12:00| Telecompaper Headlines
(Telecompaper) Telefonica's domestic unit (Telefonica Espana) reported revenues of EUR 3.03 billion in the second quarter of 2020, down 5.2 percent year on year due to heavy impact from the strict measures imposed to prevent the spread of Covid-19, above all affecting handset sales (-50.2%) and reducing out of bundle consumption. Service revenues fell 3.9 percent year on year, affected by lower retail sales resulting from the enforced closure of stores and reduced roaming. The lockdown also affected the company's operating income before depreciation and amortisation (OIBDA), which plunged 8.9 percent to EUR 1.21 billion in the April to June period.
Tags: to
spain
coverage
revenues
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.
Tags: germany
growth
outlook
confirms
TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion
2020-07-28 08:32:00| Telecompaper Headlines
(Telecompaper) TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL 16.5 billion (EUR 2.73 billion). The offer also envisages long-term agreements to use Oi's infrastructure. The bid is subject to the companies being named the 'stalking horse' in the bidding, which gives them the right to match or improve on any higher offers received by Oi.
Tags: business
mobile
update
bid
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