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Morningstar•July 28, 2022
Morningstar•July 28, 2022Telefónica, S.A.: Telefonica Set to Meet 2022 Guidance; Sells Stake in Spanish Rural Fiber Network for EUR 1 Billion
Summary
Telefonica operates mobile and fixed networks in Spain (where it is the incumbent telephone operator), U.K., Germany, Brazil, and other Latin American countries. The company derives more than 30% of its revenue from Spain, close to 20% from Germany and 20% from Brazil. Its U.K. operations are held through a joint venture w
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