Telefónica reported a 4.9% year-on-year increase in revenue for the first quarter of 2023 on an organic basis, as it fibre-to-the-home connections rose 16% to 14.8 million.
Telefónica said it now has a 5G standalone network in Brazil and plans to launch 5G standalone in UK, Germany and Spain during 2023. It also plans to commercially launch static network slicing in 2023 for business customers in its main markets, while preparing to make network APIs commercially available in line with the GSMA's Open Gateway Project.
In the first quarter, Telefónica's Tech division increased its revenues 27% on a like-for-like basis. The division, which now employs more than 6,000 professional IT staff, recorded revenue of 429 million euros for the quarter. It is piloting an AWS Wavelength Zone at the edge of its network in Madrid, which businesses can use to test applications that require low latency access to AWS compute and storage services.
In Brazil, Telefónica's Vivo unit now has more than two million subscribers for its OTT video service. It also offers Vivo Money and Insurance, as well as health and e-learning services. Source: Telefónica collateral
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