Strong Free Cash Flow Growth
Telefonica generated €2.6 billion in free cash flow for 2024, representing a 14% growth year-on-year, surpassing their guidance of more than 10% growth.
Network Expansion and Efficiency
Telefonica passed an additional 10 million premises with fiber and extended its 5G coverage by 10 percentage points. The company maintained a CapEx to revenue ratio of 12.9%, showcasing capital efficiency.
Revenue Growth in Core Markets
Revenue was up 5.4% in Q4, with service revenue maintaining its trajectory. The B2B segment continued to be a growth driver, and Spain saw revenue growth of 1.3% in Q4.
Operational and Strategic Milestones
Successful decommissioning of legacy networks in Spain and portfolio optimization in Hispam, including the sale of operations in Argentina for close to €1.2 billion.