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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, February 28, 2013

Telefónica Forecasts Return to Growth


Telefónica said that its revenues fell 0.7% year-on-year in the fourth quarter of 2012 to 9.46 billion euros on an organic basis, compared with a 1.5% decline in the third quarter. The Madrid-based group blamed the decline in revenues in 2012 on "adverse conditions in certain markets, both economic and those resulting from more intense competition, and the negative effect of regulation. "

However, it forecast revenue growth in 2013 on an organic basis and a similar capex/revenues ratio to 2012. César Alierta, the executive chairman, said the “progressive improvement quarter by quarter” was the result of a “deep transformation process at Telefónica, aimed at regaining sustainable growth of organic revenue and a continued increase in margins." source: Telefonica statements
  


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