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Telefonica Spain revenues down over 5% in Q2, commits to 100% fibre coverage by 2025
2020-07-30 09:12:00| Telecompaper Headlines
(Telecompaper) Telefonica's domestic unit (Telefonica Espana) reported revenues of EUR 3.03 billion in the second quarter of 2020, down 5.2 percent year on year due to heavy impact from the strict measures imposed to prevent the spread of Covid-19, above all affecting handset sales (-50.2%) and reducing out of bundle consumption. Service revenues fell 3.9 percent year on year, affected by lower retail sales resulting from the enforced closure of stores and reduced roaming. The lockdown also affected the company's operating income before depreciation and amortisation (OIBDA), which plunged 8.9 percent to EUR 1.21 billion in the April to June period.
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Category:Telecommunications