Telefónicawatch

Telefónica wobbles over 2020 finish line, targets stability

2021-02-25T16:52:00

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Source: Telefónica

Revenue and OIBDA drop 11% as double-whammy of COVID-19 and currency fluctuations hit. Guidance on cash flow just about achieved, while FY21 focus will be on stabilisation. Dividend reduced by 25% as COVID-19 challenges continue, and 5G auctions loom. Telefónica Infra picking up minority stakes in Group infrastructure as ...

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