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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List all analysis

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

AI wave benefits Nokia and boosts its second-quarter results

The Finnish vendor generated sales of €4.815 billion, with a strong 9% year-on-year increase on a constant-currency basis. Operating profit rose 18% year on year to €434 million. However, net profit was negative due to severance payments related to layoffs.

América Móvil increased profit by 9.2% in the second quarter

The increase was the result of higher revenue (+3.1%) and EBITDA growth of 3.8%. Exchange rate stability and the expansion of its subscriber base contributed to the performance. At the end of June, the company had accumulated 414.5 million access lines across all types of services.

Impact of mobile network expansion on poverty reduction

A GSMA report indicates that poverty declined by 4.8% in Brazilian municipalities where mobile coverage became available. Recommendations for the next federal government.

Buenos Aires among 10 cities joining Bloomberg’s new global AI forum

Buenos Aires City Mayor Jorge Macri led a meeting last Thursday and outlined the four pillars of the city’s AI strategy.

CRT’s plan for spectrum auction to enable private industrial networks

Interested parties will be able to submit questions about the tender proposal starting August 3. Bids will be submitted on November 19. A total of 240 10 MHz blocks will be auctioned. Any spectrum not requested will go to a second sealed-bid round.

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