The pandemic, changes in the exchange rate and a sharp deterioration in Telefónica de Argentina influenced the results. Revenues reached € 10.461 billion. Capex fell 58.9%

During the third quarter of this year, the Telefónica Group recorded losses of € 160 million, mainly due to the Covid-19 pandemic, the intensification of exchange rate changes and an impairment assigned to Telefónica de Argentina, for € 785 million.

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Telefónica registers losses of € 160 million in the third quarter

The pandemic, changes in the exchange rate and a sharp deterioration in Telefónica de Argentina influenced the results. Revenues reached € 10.461 billion. Capex fell 58.9%

MORE ANALYSIS

América Móvil reports strong results driven by growth in mobile and fixed subscriptions

Despite headwinds, private networks grow 20% this year

US operators drive M&A activity in 2025

They accounted for nearly 90% of transactions in the first six months of this year, highlighted by the Charter-Cox merger valued at US$34.5 billion, aimed at expanding their reach—contrasting with Telefónica’s divestment drive in Latin America.

European operators increase pressure to get approval for transnational mergers

5G in Costa Rica: An overview of each operator's offerings and deployments

Claro and Liberty will provide national coverage. They are joined by the Costa Rican Electricity Institute, which offers service through the spectrum of its subsidiary RACSA, which in turn offers 5G for private networks. In addition, four cooperatives operate in local areas.

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