Telefónica S.A.: Strong 2024 Start with Growth and Transformation

Telefonica SA (TEF) has released an update.

Telefónica S.A. has reported a strong start to 2024, with an uptick in revenue growth driven by robust service revenue and a successful B2C sector. The company is advancing on its transformation path, highlighted by the switch-off of the Spanish copper network and a solid Q1 performance that aligns with its financial guidance for the year. As they continue to execute their GPS plan, Telefónica remains committed to delivering sustainable and efficient growth while maintaining a competitive edge in the market.

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