Telecoms Spectrum News

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Financial & Performance

Telefónica wobbles over 2020 finish line, targets stability

Revenue and OIBDA down 11% as COVID‑19 and currency fluctuations hit. Guidance on cash flow just about achieved; stabilisation a focus for 2021. Dividend down 25% as COVID‑19 challenges continue and 5G auctions loom. Infra picking up minority stakes in Group infrastructure; Tech growth solid.

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