- Jul 29
Telefónica cuts H1 loss 75% to €338M, raises 2026 cash flow target after Spain and Brazil drive revenue growth
The Spanish telecom group posted a net loss of €338 million for the first half, down from €1.355 billion a year earlier, as charges from its Chile exit and German restructuring weighed. Revenue rose 1.7% to €16.39 billion, and the company now expects higher operating cash flow for the full year.
- Jul 1
BBVA slashes historic Telefónica stake to under 2%, ending three decades as core shareholder
The Spanish bank sold more than half of its holdings, reducing its stake from 5% to 1.96% in a roughly €600 million transaction, ending a three-decade presence on the telecom's board.
