The group’s turnover rose nearly a quarter to E28.5 billion, and its ebitda grew 9.5% to E11.9 billion, greatly outperforming other European operators.
Latin America continues to be an important market for Telefonica. About E13 billion in sales and about half of the company’s ebitda came from South American operations.
The group continues to focus on these growing markets. It has stated that it plans a E950 million share issue in Telefonica Moviles to fund the purchase of the outstanding 54% of CRT Celular, a mobile company in Brazil’s Rio Grande do Sul state.
