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.

Read full article

MORE ANALYSIS

Globales · Data Center10/07/2025

IMF warns AI demands greater, more reliable energy resources

In a recent report, the IMF warns that this aggregate demand could impact electricity prices if policies are not adapted to the new reality for the sector. By 2030, AI data centers will consume as much electricity as India.

América Latina · Internet & OTT · Operators08/07/2025

AIA report claims network fees are unjustified and threaten regional Internet ecosystem

The report, prepared by SmC+ Consulting, states that mobile operators' revenues are growing at an acceptable pace for a mature industry, and that network investments have never been traffic-sensitive, among other arguments. Mercedes Aramendía, Executive Director of the Alliance for an Open Internet (AIA), spoke with Convergencialatina about the study's findings.

Globales · Voice Services · Operators · Equipment Providers and Network Solutions04/07/2025

Ericsson: Phasing out 2G and 3G networks is a business play for CSPs

The provider mentioned the case of a European operator who, by switching from old networks to more modern ones, will achieve savings of €53 million over five years. The challenge is to achieve an effective transition with a comprehensive hardware and software approach focused on voice and M2M services.

México · Regulation · Politics03/07/2025

ICT ecosystem enters a new stage with the reform of the Telecommunications Law

The regulation —whose approval by the Chamber of Deputies is considered a given— creates a new technical body to replace the IFT and allows the Federal Electricity Commission (CFE) to enter the market in competition with private companies.

Argentina · Regulation · Operators01/07/2025

Telecom-Telefónica: CNDC’s 'preliminary' report arrived sooner than expected

The ruling, over 100 pages long, identifies horizontal effects in residential, corporate, and wholesale markets, as well as vertical and portfolio effects. The regulator stated that the outcome “has the potential to restrict or distort competition.”

List all analysis

A DIARIO LATINO 11-07-2025

Globales · Satellites 11/07/2025

Britain to inject €163.3 million into Eutelsat

Brasil · Operators 11/07/2025

Vivo to acquire majority stake in FiBrasil

Chile · Mobile · Operators 11/07/2025

Mundo customers gain access to WOM's mobile network

México · Mobile · Operators 11/07/2025

AT&T enables 5G for mobile prepaid users

List all news