Telefónica Q4 in red as Latin American market tumbles


The Spanish telecom group Telefónica suffered a loss in the fourth quarter of 2019 against a profit a year earlier. The company had to deal with, among other things, depreciation in Latin America and restructuring costs.

The net loss amounted to 202 million euros against a profit of 610 million euros a year earlier. Turnover fell to 12.4 billion euros from 12.9 billion euros in the same period in 2018. Telefónica expects revenue to grow in the coming years.

By: Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email

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