Telefónica







Telefónica Q1'18 results

Telefonica 2016 Profit Almost 4 Times Higher Yr-On-Yr; Cuts Debt 1.2%

Telefonica posted profit of 2.369 billion euros in 2016, up 3.8% from a year earlier. Last year’s figure reflected non-recurrent items, mainly a 1.290 billion euros charge in the fourth quarter related to restructuring costs. Excluding that charge, profits rose 4.8% to 4.038 billion euros year-on-year.


US corporate debt rose to 45% of GDP at the peak of the Great Financial Crisis

Why Have Corporate Debt Issues Soared At The Start Of 2017?

The start of a new year is normally a good time for corporate debt issues, although in the first few days of 2017 there have been a greater number of these than in previous years due to the ECB’s purchase programme.  According to Bloomberg, in the first few days of January European companies and banks have issued almost 50 billion euros of debt, double the amount issued in the same period of 2016.

As Telefonica Presents H1’16 Results, It Faces Up To Effects Of Failed Attempt To Sell 02

Telefonica has presented on Thursday its first half results. These have highlighted the new contribution from its O2 UK subsidiary, which returns to the multinational’s permiter after five quarters on the outside. Revenues in the UK during H1’16 reached 3,464 million euros against 25,235 in the consolidated group. Meanwhile, Telefonica’s frustrated attempt to sell its UK unit O2 to Hutchison is beginning to have consequences.