Friday, 18 August 2017

Telefonica ups guidance as Q2 profit soars

By Nick Wood, Total Telecom
Thursday 30 July 15

Spanish incumbent's revenue jumps 12% thanks to robust mobile data demand.

Telefonica on Thursday raised its full-year revenue guidance after reporting a surge in second quarter sales and profit. The Spanish incumbent generated revenue of €11.9 billion in the three months to 30 June, up 12% on the same period a year earlier. The telco attributed the performance to healthy demand for mobile data and strong customer growth driven by the acquisitions of Brazil's GVT and the owner of Canal+ Spain…

Telefonica on Thursday raised its full-year revenue guidance after reporting a surge in second quarter sales and profit. The Spanish incumbent generated revenue of €11.9 billion in the three months to 30 June, up 12% on the same period a year earlier. The telco attributed the performance to healthy demand for mobile data and strong customer growth driven by the acquisitions of Brazil's GVT and the owner of Canal+ Spain…

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