Telefónica's results crudely showed the impact of the pandemic. The Spanish revenue fell 14.8% year-on-year to € 10.34 billion between April and June due to an impact associated with the Covid-19 of € 729 million and unfavorable movements in exchange rates (here the impact is estimated at € 791 million), among other reasons. OIBDA decreased 25.3% year-on-year to € 3.315 billion and net profit, 50.7%, to € 425 million.