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Telefónica claims inflection point as structure shifts

2021-08-21T00:00:00

Telefónica claims inflection point as structure shifts

Source: Telefonica

Despite changing perimeters and restatements making a clear view difficult, organic growth across the business offers promise. Guidance improved on positive first half for revenue and profit, but operating cash flow is retreating compared with FY22 goals. Net debt coming down after disposals and restructuring, and Latin American loans ...

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