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Telefonica books 706 million euro Q3 net profit, reiterates annual outlook By Reuters



© Reuters. FILE PHOTO: The brand of Spanish Telecom firm Telefonica is seen at its headquarters in Madrid, Spain, Could 12, 2021. REUTERS/Sergio Perez

MADRID (Reuters) – Spanish telecom agency Telefonica (NYSE:) SA stated on Thursday it booked a web revenue of 706 million euros ($817.62 million) within the third quarter and reiterated its forecast for 2021.

Telefonica stated it expects income and core revenue to be “secure” or see “a slight progress” in 2021.

The corporate had reported a web loss in the identical interval a 12 months earlier following a 785 million euros write-down of belongings in Argentina.

($1 = 0.8635 euro)

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