Telefonica, S.A.’s (TEF) subsidiary, Movistar Chile, has launched the largest technological renovation project for its mobile network from the iconic Germán Becker Stadium in Temuco. This ambitious initiative begins in the Araucanía Region, where Movistar is upgrading more than 260 mobile antennas, strengthening its commitment to a future-ready, high-capacity mobile infrastructure. The upgraded network in La Araucanía brings more than 200% increases in 5G speeds, with a robust transformation in performance ...

Telefonica, S.A.'s (TEF) digital business arm, Telefonica Tech, has partnered with Dexory, a robotics and data intelligence provider, to accelerate the digital transformation of the logistics sector. The collaboration will be officially announced at Advanced Factories 2025, Europe's premier industrial innovation congress, held in Barcelona, Spain, from April 8 to 10. The initiative will empower logistics, distribution and manufacturing businesses by integrating Telefonica Tech's cutting-edge IoT connectivit ...

Telefonica, S.A. (TEF) recently unveiled ‘Tu Empresa Segura Lite,’ a specialized cybersecurity service designed to protect self-employed professionals and micro-enterprises in Spain. The state-of-the-art service offers advanced protection against cyber threats, real-time threat detection and cybersecurity training to help users develop best practices for safeguarding their digital assets.This self-managed security service enables self-employed individuals and micro-enterprises to safeguard themselves agains ...

Telefonica (TEF) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ea ...

Financial Performance - Consolidated revenues for 2023 reached €40,652 million, a 1.65% increase from €39,993 million in 2022[62] - Operating income for 2023 decreased to €2,593 million, down 36.1% from €4,056 million in 2022[62] - Profit before tax for 2023 was a loss of €1,473 million, compared to a profit of €2,960 million in 2022[62] - The net profit for 2023 was a loss of €574 million, a significant decline from a profit of €2,319 million in 2022[62] - Basic loss per share attributable to equity holders of the parent for 2023 was €(0.20), compared to earnings of €0.31 in 2022[62] Cash Flow and Assets - Cash and cash equivalents as of December 31, 2023, were €7,151 million, a slight decrease from €7,245 million in 2022[62] - Net cash provided by operating activities for 2023 was €11,649 million, down from €11,763 million in 2022[62] - Total assets decreased to €104,324 million in 2023 from €109,642 million in 2022[62] - Equity decreased to €27,096 million in 2023 from €31,708 million in 2022[62] Dividends and Investments - The company plans to maintain dividends per ordinary share at €0.30 for 2023, consistent with 2022[62] - The consolidated investment in spectrum acquisitions and renewals amounted to €157 million in 2024, primarily due to spectrum acquisition in Colombia[102] - The Group's investment in CapEx for 2024 was €5,475 million, slightly down from €5,579 million in 2023[111] Research and Development - Total research and development expenditure in 2024 was €647 million, representing 1.6% of the Group's revenues[111] - Revenues from new digital services, including IoT, cybersecurity, and cloud services, accounted for over 40% of the Company's B2B revenues in 2024, growing by double digits compared to 2023[106] Regulatory and Compliance - The United Kingdom has implemented its own data protection framework post-Brexit, which mirrors the GDPR but with tailored adjustments, increasing compliance risks for Telefónica[119] - The European Commission adopted its adequacy decision for the EU-U.S. Data Privacy Framework on July 10, 2023, allowing for international data transfers to U.S. companies[118] - Telefónica has adopted Binding Corporate Rules (BCRs) approved by the Spanish Data Protection Authority on March 8, 2024, to limit risks from international data transfers[120] - Significant breaches of the GDPR may result in fines of up to 20 million euros or 4% of the company's total annual revenue for the previous financial year[122] Cybersecurity and Risks - The Group has faced various cybersecurity incidents in the past three years, including intrusion attempts and data theft, although none have had material consequences to date[133] - Inflationary pressures have eased in 2024, but high interest rates and geopolitical tensions continue to pose risks to Telefónica's business operations[140] - The Group's operations are exposed to diverse legislation and political environments, which may adversely affect its financial position and cash flows[138] - The Group faces significant economic and political uncertainties in the regions it operates, which may adversely affect its business and financial condition[156] Debt and Financial Management - As of December 31, 2024, the Group's gross financial debt was €38,782 million, an increase from €37,061 million in 2023, while net financial debt was €27,161 million, slightly down from €27,349 million in 2023[161] - The average maturity of the Group's debt as of December 31, 2024, was 11.3 years, compared to 11.6 years in 2023[161] - A 100 basis points increase in interest rates would result in an additional €41 million in financial expenses, while a decrease of the same magnitude would reduce expenses by €41 million[169] - The Group had undrawn committed credit facilities amounting to €11,017 million as of December 31, 2024, with 3.5% of this amount scheduled to expire before December 31, 2025[165] Capital Expenditures and Network Expansion - Capital expenditures in 2024 amounted to 5,475 million euros, a decrease of 1.9% compared to 2023[224] - The company aims for a CapEx-to-revenue ratio below 12% by year-end 2026, with over two-thirds of 2024 CapEx allocated to network expansion and IT system transitions[223] - By the end of 2024, Telefónica Spain's fiber optic network reached 30.8 million homes passed, with 5G coverage at 91% of the population[225] - Telefónica Germany achieved 99% 5G coverage in 2024, with investments of 1,141 million euros focused on expanding 5G and enhancing 4G capacity[225] Corporate Transactions and Shareholder Actions - Telefónica launched a new issuance of notes in an aggregate principal amount of 1,750 million euros, intended for investments in high-speed telecommunications networks and renewable energy[191] - The voluntary public acquisition offer for shares of Telefónica Deutschland was accepted by shareholders holding approximately 7.86% of its share capital for an approximate amount of 549 million euros[193] - Telefónica owned, directly and indirectly, 94.12% of the share capital and voting rights of Telefónica Deutschland as of January 26, 2024[194] - Telefónica reduced its share capital by €80,296,591 through the cancellation of an equal number of treasury shares, resulting in a new share capital of €5,670,161,554[9]

Telefónica S.A. Telefónica Individual Annual Report 2024 THE LINE 111111 : IIO IIID This version of our report is a free translation of the original, which was prepared in Spanish. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of our report takes precedence over this translation. Independent auditor's report on the annual accounts To the ...

Telefonica, S.A. (TEF) reported a fourth-quarter 2024 net income of €425 million, which plummeted 41.8% year over year. Furthermore, basic earnings per share (EPS) were €0.06 compared with €0.12 in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly total revenues increased 5.4% year over year to €10,701 million, driven by strong business performance and positive commercial momentum in key markets. This growth was reflected across major segments, with res ...

***Este documento está clasificado como PUBLICO por TELEFÓNICA. ***This document is classified as PUBLIC by TELEFÓNICA. Disclaimer This document and any related conference call or webcast (including any related Q&A session) has been prepared by Telefónica, S.A. ("Telefónica" or the "Company", and together with its subsidiaries the "Telefónica Group") exclusively for its use during the presentation of financial results. The Company does not assume any liability for the content of this document if used for an ...

Financial Data and Key Metrics Changes - Free cash flow generated was €2.634 billion, representing a 14% year-on-year growth, exceeding the guidance of more than 10% [15][50] - Revenue increased by 5.4% in Q4, reflecting solid commercial momentum across the company's footprint [22] - EBITDA remained flat year-on-year in Q4, while CapEx increased by 5.7% due to Argentina and foreign exchange impacts [23] Business Line Data and Key Metrics Changes - Telefonica Spain saw year-on-year growth in all main accesses for the first time since 2018, with revenue growth of 1.3% in Q4 [25][27] - Telefonica Brasil's revenue increased by nearly 8% in local currency, with a record high in fixed line business [29] - Telefonica Tech exceeded €2 billion in revenue, with a growth acceleration of 10% year-on-year in Q4 [35] Market Data and Key Metrics Changes - The company passed an additional 10 million premises with fiber during the year, extending 5G coverage by 10 percentage points across core markets [20] - In Germany, O2 brand maintained strong appeal with revenue declining by 3.7% year-on-year in Q4 due to various market pressures [31] - In the U.K., revenue was flat year-on-year in Q4, with significant fiber rollout and stable mobile contract churn [32] Company Strategy and Development Direction - The company aims to enhance execution across its business, focusing on core connectivity services and growing B2B technology solutions [11][12] - A strategic review is planned to be completed by the end of 2025, focusing on operational rationale and improving margins [57][116] - The company is committed to disciplined capital allocation while exploring consolidation opportunities in Europe [12][68] Management's Comments on Operating Environment and Future Outlook - Management highlighted the need for rapid adaptation to capture full potential in a dynamic macro environment [10] - The company sees significant opportunities in Europe, driven by technological disruption and a favorable regulatory framework [12][68] - The outlook for 2025 includes expectations for organic growth in revenue, EBITDA, and free cash flow generation similar to 2024 [59][130] Other Important Information - The company has maintained a robust balance sheet with net financial debt at €27.2 billion and a net debt-to-EBITDA ratio of 2.58x [47] - The company is committed to reducing leverage and has a solid liquidity position of €20.9 billion [48] - The company received recognition for its sustainability efforts, with 89% of electricity sourced from renewable sources [53][55] Q&A Session Summary Question: Why was the midterm guidance put on hold? - Management clarified that the decision was made to allow for strategic flexibility during the ongoing review, not due to doubts about achievability [66] Question: Is there scope for in-market mobile consolidation? - Management acknowledged potential for more flexibility in consolidation but refrained from specifics at this stage [68] Question: What are the driving elements for market analysis? - Management indicated that the analysis will focus on operational rationale, improving margins, and consolidating markets for better positioning [77] Question: What is the outlook for OpEx in Spain? - Management expects revenue growth in Spain to sustain year-on-year, with EBITDA growth slightly above revenue growth due to operational efficiencies [130][132] Question: Is there appetite for cross-border consolidation in Europe? - Management detected a determination for drastic change in Europe regarding strategic autonomy, but acknowledged challenges in execution [140]

Group 1 - The core viewpoint is that Telefónica's high-dividend yield may be misleading due to weak growth prospects and insufficient dividend coverage by earnings and cash flows [1] Group 2 - The company has been identified as having a high-dividend yield, which could be perceived as a trap for investors [1] - Concerns are raised regarding the adequacy of the company's earnings and cash flows to support its dividend payments [1]