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Telefonica meets FY growth targets, sees stable results in 2020

2020-02-20 08:28:00| Telecompaper Headlines

(Telecompaper) Telefonica reported annual revenues up 3.2 percent on an organic basis and OIBDA rose 1.9 percent, meeting the company's outlook for around 2 percent growth in 2019. Net debt also fell for an 11th consecutive quarter and was down 8 percent over the year to EUR 37.7 billion. For 2020, the Spanish operator forecast stable revenues, OIBDA and operating cash flow as a percentage of revenue. 

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