Telefónica reported revenues of 10.8 billion euros for the first quarter, up 3.4% on an organic basis, driven by 11.3% growth at Telefónica Hispanoamérica and 2.1% growth at Telefónica España. Excluding the impact of regulation, revenues would have increased by 4.4% organic year-on-year, Telefónica said.
The Madrid-based group reported a 19% year-on-year increase in digital services revenue to 1.06 billion euros in the quarter, fuelled by its expanding pay TV business. source: Telefónica presentation
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