Telefónica in Latin America has Q1 revenue 12% less than in 2020

Telefónica explains that, without taking into account the exchange rate, revenues experienced an improvement in their sequential evolution (in the fourth quarter of the year they fell by 2.5%.

RIO DE JANEIRO, BRAZIL - The Spanish multinational Telefónica obtained in the first quarter of 2021 in Latin America revenues of US$2.4 (EUR1.9) billion, 12% less than in the same period of the previous year, but only 0.2 % if it had not been for the depreciation of the currency and after being affected by the Covid-19 pandemic.

As the company reported to the Spanish Securities and Exchange Commission (CNMV) on Thursday, the mobile business fell by 10.4 % -although it would have grown by 1.3 % in organic terms- to 1.26 billion euros, while . . .

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