It stood at € 1.344 billion, affected by restructuring costs (€ 1.876 billion) for the reduction of its workforce in Spain, in 2,636 workers. Without this expense, the profits would have amounted to € 2,588 billion. This report already shows the departure of Telefónica from Panama, Nicaragua and Guatemala, whereby the access base is reduced by 8.6 million (7.6 million in the mobile prepaid segment).

Telefónica's results for the third quarter and first nine months of the year reflect the impact of the reduction in the workforce in Spain; the divestment of operations in Panama (September 1), Nicaragua (May 1), Guatemala (January 1) and Antares (February 1); and the sale of nine data centers. The capital gains recorded for these last operations amount to € 664 million between January and September (the Panama operation - € 199 million - and the data centers - € 197 million- correspond to the third quarter).

Read full article

MORE ANALYSIS

Panamá · Mobile · Operators · Spectrum26/04/2024

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

The Cable & Wireless operator brand carries out tests with commercial, tourism and port firms for a period of two to three months with spectrum provided free of charge by the regulator ASEP. A public consultation on future attributions will be held before July and it is expected that the 3.5 GHz band will be awarded by the end of the year.

Globales · Internet & OTT · Software and Applications25/04/2024

Meta loses almost US$200 billion in market value in 24 hours due to forecasts of lower income and higher expenses

Marck Zuckerberg, CEO of big tech, asked Wall Street for "patience" so that it does not abandon its actions, although he reaffirmed that the firm will continue with its advanced technological initiatives that consume a lot of Capex, in a turnaround from the 2023 decision to limit those expenses.

Honduras · Operators24/04/2024

Government promotes investments in Hondutel to enter triple play market

It provides more than US$40 million, together with the UNDP, to deploy fiber optics, whose laying will be available at the beginning of the second half of this year. It also bets on the corporate market.

América Latina · Software and Applications23/04/2024

Why operations managers should pay more attention to cybersecurity

Fortinet organized a Latin American summit to discuss growing digital threats to operational technologies, from simple sensors to complex mechanisms that manage networks. The importance of combining IT systems with OT systems was highlighted, and the need to take cyber defense beyond the limits of the corporation itself, by adding suppliers and associates.

Brasil · Pay TV · Free to Air TV - TDT22/04/2024

Brazilian linear TV seeks to reconvert to avoid its extinction

Competition with streaming has led the main groups to have their own platforms to be able to compete on other screens. The arrival of TV 3.0 can help in its conversion.

List all analysis

Telefónica net profit fell between 50% between January and September due to laying off plan in Spain

MORE ANALYSIS

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

Meta loses almost US$200 billion in market value in 24 hours due to forecasts of lower income and higher expenses

Marck Zuckerberg, CEO of big tech, asked Wall Street for "patience" so that it does not abandon its actions, although he reaffirmed that the firm will continue with its advanced technological initiatives that consume a lot of Capex, in a turnaround from the 2023 decision to limit those expenses.

Government promotes investments in Hondutel to enter triple play market

It provides more than US$40 million, together with the UNDP, to deploy fiber optics, whose laying will be available at the beginning of the second half of this year. It also bets on the corporate market.

Why operations managers should pay more attention to cybersecurity

Brazilian linear TV seeks to reconvert to avoid its extinction

Competition with streaming has led the main groups to have their own platforms to be able to compete on other screens. The arrival of TV 3.0 can help in its conversion.

A DIARIO LATINO 28-04-2024

Sky no longer considered operator with Significant Market Power

Government approves seven requests for permits to use spectrum in high bands

Analysys Mason: Telefónica leads in Edge Computing

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

FCC reinstates net neutrality