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Tag: Jose Maria Alvarez-Pallete

Telefónica shoots up its profits and cuts the dividend to shareholders

Telefónica has improved its profit in the year of the pandemic by 38.5%, to 1,582 million euros. The operator has achieved better results even with a decrease in revenue, which amounted to 43,070 million euros in 2020, 11% below the turnover of the previous...

Telefónica connects the first 5G factory in Spain: a Gestamp plant in Barcelona

5G breaks into Spanish production. The first factory connected with 5G is already a reality and is located in Barcelona. Telefónica has implemented this new mobile telecommunications technology in one of the plants that Gestamp has there. The company specializing in automotive components will...

Telefónica resists against the covid but its profit is reduced by half, weighed down by the business in Argentina

Telefónica manages to reduce the impact of the pandemic on its accounts in the third quarter of this year, although revenues or ebitda suffer an inevitable erosion when compared with the figures for the same period in the previous year. Meanwhile, other problems arise,...