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Telefonica S.A. (TEF)

  • Thu, Jul. 30, 8:45 PM
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  • Nov. 12, 2014, 7:02 AM
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  • May 9, 2014, 4:24 AM
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  • Nov. 8, 2013, 5:14 AM
  • Jul. 25, 2013, 4:58 AM
    Telefonica (TEF): Q2 net profit -13.1% to €1.15B but above consensus of €1.05B. Sales -6.8% to €14.4B. In Latin America, Telefonica's top growth market, revenues +0.1% to €7.45B. Brazil revenues -3.9% in euros, +3.1% in reais. European sales -11% to €6.71B, with declines in all markets, particularly significantly in Spain. German sales -6.2%. (PR)
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  • May 8, 2013, 1:40 PM
    Investors are taking Telefonica's (TEF - unchanged) Q1 report in stride. The carrier saw revenue decline 8.8% Y/Y €14.1B, as European weakness (esp. in Spain) and Venezuela's currency devaluation offset Latin American growth. Net profit rose 21% Y/Y to €902M, and EPS was €0.20 ($0.26). LatAm made up 51% of revenue, and Brazil passed Spain to become Telefonica's largest market. Net debt fell by €653M Q/Q to €51.2B, as debt-reduction efforts continue. Postpaid net adds rose by 1.3M, and total connections +2% Y/Y to 315.7M. Mobile connections +3% to 247.3M, and mobile data is now 37% of mobile service revenue.
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  • Feb. 28, 2013, 4:12 AM
    Telefonica (TEF): Q4 net profit -82% to €473M, with Venezuela's currency devaluation hurting earnings by €417M. Debt -€5B to to €51.3B, plans to cut debt to €47B in 2013. To pay cash dividend of €0.75 a share. (PR)
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  • Feb. 17, 2013, 2:51 AM
    Telefonica (TEF) has joined the list of companies to have been hurt by Venezuela's devaluation, which caused the telecom carrier to take a pretax loss of €438M on its position in bolivars on last year's results. The value of the company's net assets in the country has fallen by €1B. (6-K)
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  • Nov. 7, 2012, 3:22 AM
    Telefonica (TEF): Q3 net profit €1.38B vs a loss of €429M last year, which was hit by layoff costs, and vs consensus of €1.4B. Revenue -1.6% to €15.54B, with Europe -6.8% and Latin America +3.8%. Debt falls by €2.3B Q/Q to €56B and is projected to drop another €3.18B. (PR)
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  • Jul. 26, 2012, 1:39 PM
    France Telecom (FTE +7.7%) surges after reporting 1H revenue fell 3.2% Y/Y to €21.8B ($26.5B), a little better than a €21.7B consensus, and reaffirming guidance for 2012 operating cash flow of nearly €8B. The numbers are soothing to investors on edge over macro issues, huge debt obligations, and competition from French discount carrier Iliad. FTE is hoping its phone subsidies and retail footprint will allow it to maintain a price premium. TEF +6.2%. TI +4.4%. BT +4.7%.
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  • Jul. 25, 2012, 4:01 PM
    In tandem with its Q2 report, Telefonica (TEF -0.2%) announces it's cancelling plans (.pdf) to issue €1.50/share in dividend payments in 2012, and a similar amount in 2013. The Spanish/Latin American carrier expects to make €0.375/share payments in Q4 2013 and Q2 2014. A look at the Q2 report helps explain the move: While Latin revenue rose 7% Y/Y, European revenue fell 6.1%. Spanish revenue declined 13%, as macro conditions and subsidy cuts lead to subscriber losses.
  • May 11, 2012, 4:21 AM
    Telefonica (TEF): Q1 net profit -54% Y/Y to €748M vs. consensus of €1.31B. Revenue rose 0.5% to €15.5B. Latin American operations made a strong contribution, but couldn't compensate for weakness in European markets. (PR .pdf)
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Company Description
Telefonica SA is a telecommunications group which provides mainly fixed and mobile telephony, broadband, internet, data traffic, pay TV and other digital services.
Sector: Technology
Country: Spain