Phoenix Tower International
Thursday, July 30, 2020

Telefónica's revenues dropped 14.8% due to an impact of € 729 million associated with Covid-19

Between April and June, revenues reached € 10.34 billion due to the closing of commercial activity, in addition to unfavorable movements in exchange rates (it represented an impact of € 791 million). The Spanish company's net profit was € 831 million in the first half, a 53.5% decrease, and € 425 million in the second quarter, a 50.7% decrease. Hispam's revenues were € 1.881 billion, a 10.8% decrease year-on-year.

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.

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Regional · Terrestrial Backbones15/09/2020

Argentine NEA and NOA provinces agree to a strategic alliance to develop the Capricorn Network

The announcement is an important political step to the public-private project by the governors of the provinces through which the network passes. It also occurs at a time of intense activity by the State in relation to connectivity.

Brasil · Operators03/09/2020

Oi partial sale may drive deep changes in Brazilian market

As from the approval of the new Judicial Recovery Plan by the creditors, the negotiations to sell the mobile business, the infrastructure business and the Pay TV business will be speeded up.

Regional · Submarine Cables01/09/2020

EllaLink submarine cable seeks to reduce latency between Europe and Latin America by 50%, with an investment of US$180 million

Diego Matas, COO of the company, gave details to Convergencialatina of the project to link Portugal and Brazil. The 6,000 km laying and initial capacity of 72 Tbps traces the most direct route between both continents and will be operational in early 2021.

Regional · Equipment Providers and Network Solutions25/08/2020

Prysmian estimates a drop up to 5% in consumption of optical cables in Latin America this year

Juan Mogollón, CEO of the firm in the region, told Convergencialatina that in 2020 the demand in the telecommunications market could remain stable or fall by up to 5% due to the impact of the pandemic. Prysmian has four product plants for the Telecom sector in Latin America (2 in Brazil, 1 in Argentina and 1 in Mexico). At the end of July, the first cable delivery was made for the CFE in Mexico, one of the central projects of its current activity.

Regional · Operators20/08/2020

Telecom lost 35,000 mobile clients in Argentina between April and June

Mobile service sales in Paraguay and Argentina totaled US$ 673 million in the first six months of the year.

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A DIARIO LATINO 20-09-2020

Argentina · Regulation · Economy 18/09/2020

Knowledge Economy Law remains on hold in the Senate

Argentina · Terrestrial Backbones · Satellites · Politics · Data Center 17/09/2020

Argentine government launches the National Connectivity Program

Globales · Mobile · Operators 16/09/2020

Rakuten and Telefónica to cooperate in developing OpenRAN

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