Brief: Telefonica COO Sees Better Results In H2 Than In H1 For Spain And Germany

Telefonica SA

14/05/2026 10:00

May 14 (Reuters) - Chief Operating Officer of Telefonica TEF.MC, Emilio Gayo:

WE EXPECT BETTER RESULTS IN H2 THAN IN H1 FOR TELEFONICA SPAIN

WE SEE BETTER RESULTS FOR GERMAN BUSINESS IN H2 THAN IN H1

DROP IN HANDSET REVENUES IN GERMANY PARTLY DUE TO SUPPLY CHAIN ISSUES, COMPARISON WITH STRONG Q4

CONFIDENT WE CAN REACH TARGETS WITH CURRENT SCALE, BUT SEE OPPORTUNITIES TO INVEST IN TECH IN EUROPE

EU'S PROPOSED NEW MERGER GUIDELINES ARE MUCH CLOSER TO OUR AMBITIONS

WE SEE UNDERLYING REVENUES, EBITDA AS STAYING VERY RESILIENT THIS YEAR

Further company coverage: TEF.MC

 (Madrid Newsroom)

 ((madrid.newsroom@thomsonreuters.com))