Thursday, 08 December 2016

Telefonica swings to Q4 loss on redundancy costs

By Nick Wood, Total Telecom
Friday 26 February 16

Spanish incumbent reports higher full-year revenue on continued fixed, mobile data uptake.

Telefonica on Friday announced it swung to a fourth-quarter loss due to a one-off charge related to staff cuts in Spain. The Spanish incumbent lost €1.83 billion in the three months to 31 December, compared to a €303 million profit a year earlier…

Telefonica on Friday announced it swung to a fourth-quarter loss due to a one-off charge related to staff cuts in Spain. The Spanish incumbent lost €1.83 billion in the three months to 31 December, compared to a €303 million profit a year earlier…

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