For the third quarter, Telefónica reported a 3.6% year-on-year rise in revenues on an organic basis to 9.3 billion euros. Service revenues in its Hispam region (Spanish speaking Latin America) rose 6%, on an organic basis, as fibre-to-the-home connections leapt 26%.
The group said its fastest-growing unit was Telefonica Tech, which saw revenue growth up 25% year-on-year in the third quarter to an annualised revenue base of about one billion euros, following the integration of CANCOM U.K. and Ireland, now Telefonica Tech U.K. and Ireland, in August.
Telefónica reported that its IoT connectivity revenues rose by almost 24%, lifted by demand from "connected cars, big data, Industry 4.0 and utilities." The telco said it is leveraging new connectivity technologies, such as NB-IoT/LTE-M and p-LTE/5G, with "best in class" partners to pursue the IoT opportunity. Source: Telefónica statements