Telefónicawatch

Telefónica FY25 guidance: cutting towards growth

2026-03-26T00:00:00

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Source: Telefónica

Telefónica’s progress on spend efficiency enables execs to lay out a faster-than-anticipated uptick in free cash flow during FY26…

This article includes:

  • Themes: Free cash flow guidance; FY26 outlook; Transform & Grow execution; Capital intensity reduction; Hispam exits; Cash‑generation strategy; Procurement savings; Totex optimisation; Investor sentiment.
  • People: Emilio Gayo; Juan Azcue; Marc Murtra; José María Álvarez‑Pallete.
  • Geographic: Spain; Latin America.
  • Organisations: Telefónica. 

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