Telefónica SA Boasts Strong Q1 2024 Performance

Telefonica SA (TEF) has released an update.

Telefónica SA has reported a strong start to 2024, with accelerating revenue and EBITDA growth, particularly in core markets like Spain, Brazil, and Germany. The company highlights a record low churn rate in Spain and Brazil due to an enhanced customer experience from advanced network capabilities. While reiterating its outlook for the year, Telefónica also mentions strategic moves such as a new mobile network agreement, UK infrastructure carve-out progress, and increased fibre build-up.

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