Telefonica reports better Q4 results (Spain)

www.WirelessFederation.com/news: 1.2 percent rise in the Q4 revenue from a year earlier to EUR 14.98 billion has been reported by Telefonica. The OIBDA of the telco improved 1.4 percent to EUR 5.98 billion. The lower tax bill helped the company to generate a net profit of EUR 2.44 billion, up 22.2 percent.

In the home market, revenues of the Spanish operator fell 1.6 percent to EUR 5.05 billion, while OIBDA improved 3.6 percent to EUR 2.52 billion. In Latin America, revenues increased 8.0 percent year-on-year to EUR 6.33 billion and OIBDA in the region grew 4.7 percent to EUR 2.5 billion.

The revenue decline in Europe slowed down to 3.9 percent, to EUR 3.48 billion and OIBDA declined 6.8 percent to EUR 1.03 billion.