Brazil and Spain keep ship on course at Telefónica

Richard Agnew2026-09-23T12:06:00

Source: Unsplash / Chris Boland

Q2 FY26: Telefónica on track to meet FY26 goals after strong set of Group numbers for quarter, although performance trends remain mixed across markets.

This article includes:

Organisations: Liberty Global; Telefónica Deutschland; Telefónica España; Telefónica Group; Telefónica|Vivo; Virgin Media O2; Vodafone Germany.
Geographies: Brazil; Europe; Germany; Latin America; Spain; United Kingdom (UK).
People: Emilio Gayo; Lutz Schüler; Lyssa McGowan; Mike Fries.
Themes: Artificial intelligence; B2B; B2C; Broadband; Capital expenditure; Cash flow; Cost cutting; Corporate data; Deleveraging; Digital services; EBITDA; Efficiency schemes; Financial flexibility; Fixed-line broadband; Free cash flow; FTTH; Handsets; ICT; Legacy asset decommissioning; Mobile contract services; Mobile services; Network access; Network operations; Opex; Operating cash flow; Pay TV; Property sales; Redundancy programmes; Revenue; Smartphone replacement cycles; Telecommunications; Wholesale services; Vivo Total convergent plans; 2G network shutdown; 5G.

This is subscription-only content. Subscribe now.

Already a subscriber? Sign in here, or contact us to check if your company has access.

Go Pro: Subscribe to TelcoTitans

Get full access to all TelcoTitans premium telco and digital infra content by subscribing today.

TelcoTitans.com Professional subscriptions include:

Full access to all TelcoTitans online news, insight and analysis
Exclusive Analyst Briefings and 10+ premium newsletters
Industry-leading insight and analysis that you simply cannot get anywhere else

“Super intelligence, consistently high quality, compact and easy to digest” – Deloitte.

Subscribe to TelcoTitans Professional today