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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Telefonica    TEF   ES0178430E18

TELEFONICA

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Telefonica : Ofcom Fines Telefonica's Giffgaff GBP1.4 Million for Overcharging Customers

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07/30/2019 | 02:52am EDT

By Adria Calatayud

Britain's telecommunications regulator Ofcom said Tuesday that it fined Telefonica SA's (TEF.MC) mobile business Giffgaff 1.4 million pounds ($1.7 million) for overcharging customers.

The regulator said the penalty follows an investigation in which it found that Giffgaff's billing system led to around 2.6 million customers being overcharged up to a total of around GBP2.9 million.

The business has already refunded GBP2.1 million to affected customers and the fine was reduced as Giffgaff--which uses Telefonica's O2 network to provide mobile services to its customers--agreed to settle the case and admitted the breach identified, Ofcom said.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

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Financials (EUR)
Sales 2019 48 381 M
EBIT 2019 7 012 M
Net income 2019 3 593 M
Debt 2019 45 238 M
Yield 2019 6,02%
P/E ratio 2019 10,1x
P/E ratio 2020 9,35x
EV / Sales2019 1,64x
EV / Sales2020 1,58x
Capitalization 34 205 M
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Number of Analysts 29
Average target price 8,30  €
Last Close Price 6,67  €
Spread / Highest target 87,4%
Spread / Average Target 24,5%
Spread / Lowest Target -28,9%
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NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá Boix Chief Operating Officer & Director
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Isidro Fainé Casas Vice Chairman
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