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

Telecom posts 13.4% increase in consolidated sales in first half

The digital Caribbean: Connectivity's bright spots and challenges in a fragmented region

Millicom consolidates regional expansion in record second quarter

Liberty Latin America consolidated profitability in the second quarter

The group reported OIBDA growth, a solid improvement in free cash flow and operational progress driven by broadband and postpaid mobile services. LLA ended June with 6,759,800 mobile subscribers and 3,883,500 fixed revenue-generating units (RGUs).

Honduras deploys AWS spectrum strategy: Technical details of 4G and 5G auction

Regulator Conatel presented the terms for the auction of three nationwide 20 MHz blocks using FDD mode in the 1.7/2.1 GHz band. Each block will cost US$8 million.

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