Telefonica debt


Telefónica Q1'18 results

Telefonica Q1’18 net up 7.4%; revenues hit by currency pressures

Telefonica posted a 7.4% rise in net profit in the first quarter of 2018 to 837 million euros from a year earlier. The figure beat FactSet’s analysts consensus for net profit of 800 million euros. But revenues fell 7.2% to 12.19 billion euros, as currency pressures offset improvements in the group’s home market.



Barclays has cut target price for Telefónica four times in three months

Barclays Does Not Settle On Target Price For Telefonica

In three months, Barclays has cut its price target for Telefónica on four occasions, from 9,8 euros/share in December to 9 euros/share last time round, on March 19. That’s almost 10% lower. How can a company’s value change so much in such a short space of time?


The sale of Telefonica's share in 02 is unblocked

Telefonica’s O2 Share Sale Finally Unblocked

The UK Court of Appeal has dismissed a demand from Three which blocked the new frequencies auction (planned for Autumn 2017), in turn blocking Telefonica’s share sale of O2. This is positive news for Telefónica as it means that it eliminates a practical hurdle for the company to be able to carry out the O2 share sale in the UK, raising funds to cut its debt.


Telefonica's debt cutting

Telefonica Continues Cutting Debt Via O2 listing, Argentina Business Sale

Telefónica is continuing with its plans for cutting group debt – estimated at 50 billion euros – by divesting stakes in some of its subsidiaries and ruling out any major new acquisitions. On the one hand, the company is still preparing to list a minority stake in its UK mobile subsidiary O2 towards year-end, on the other they are considering to sell Telefonica Argentina.