Telefonica books $1.45 billion net loss on write-offs in Argentina, Peru

Reuters

Tue, May 13, 2025, 10:48 PM 1 min read

MADRID (Reuters) -Spanish telecom institution Telefonica said connected Wednesday it booked a nett nonaccomplishment of 1.3 cardinal euros ($1.45 billion) successful the archetypal 4th aft it wrote down the worth of the units it sold successful Peru and Argentina.

Analysts expected a 1.32 cardinal euro loss, according to a statement released by the company.

Excluding the superior nonaccomplishment connected the merchantability of its businesses successful Latin America, the institution booked a nett of 427 cardinal euros.

Telefonica maintained its guidance for the year.

($1 = 0.8941 euros)

(Reporting by Inti Landauro; editing by Jesús Aguado)