View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
May 14, 2015

Telefónica profits rise as O2 sale approaches

Revenues were down from Q1 2014.

By Alexander Sword

Telefónica has reported its 2015 Q1 results, showing a rise in profit.

The Spanish telecom company saw net profits reach €1.8 billion, a rise of 162 percent.

Revenue sat at €11.543 billion, a fall from the figure of €12.232 billion for Q1 2014. The main revenues came from Spain, Brazil and Germany, which generated 66 percent of this sum.

Mobile accesses increased 13 percent to 252.8 million thanks to increases in mobile contracts. The quarter also saw Telefónica moving to sell O2 to Three owner Hutchinson Whampoa.

Telefónica’s Executive Chairman, César Alierta, commented "[the first-quarter results] reflect a solid beginning of this new cycle and are leveraged on the improved organic evolution of the business."

"Spain has already begun its return to growth after reporting in the quarter a year-on-year increase in accesses, which will gradually translate into growth in financials".

Alierta thanked shareholders for their support, "which has yet again been reflected in the success of our recent capital increases in Telefónica and Telefónica Brasil."

Content from our partners
AI is transforming efficiencies and unlocking value for distributors
Collaboration along the entire F&B supply chain can optimise and enhance business
Inside ransomware's hidden costs

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.