The group's revenues reached a total of €10,140 billion, with an increase of 1.9%, of which 25% was contributed by the business in Brazil and 20% by Latin America.

Telefónica group achieved profits totaling €532 million in the first quarter of this year, which represents an increase of 79% compared to the same period last year.

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Telefónica achieves profits of €532 million in first quarter

The group's revenues reached a total of €10,140 billion, with an increase of 1.9%, of which 25% was contributed by the business in Brazil and 20% by Latin America.

MORE ANALYSIS

Opportunity opens up: Mexico to cut spectrum costs by 12% in 2027

In its proposed budget for next year, the Treasury Secretariat proposed changes to key spectrum bands for 5G deployment, including the 3.5 GHz band.

Telecommunications and gaming: The impact of a US$213.9 billion market

The figure comes from Newzoo’s latest report, which says CSPs have an opportunity to monetize their network investments as gaming activity grows in Asia and Africa. Latin America does not feature as a driver of global gaming growth.

Nokia: The AI supercycle and the new paradigm for global network traffic toward 2034

Direct-to-Device enters commercial phase

IT/OT convergence and data sovereignty: The path to digitalization in Mexico according to Siemens

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Colombians take more than 3.5 years to replace their cellphones

Kölbi launches data analytics platform

GSMA calls for accelerating allocation of the upper 6 GHz band for 5G and 6G

Opportunity opens up: Mexico to cut spectrum costs by 12% in 2027

Corning to supply Verizon with more than 128 million km of fiber optic cable through 2032