Telefónica, S.A. provided earnings guidance for the First half performance is already meeting or slightly surpassing financial targets for 2021 and due to the positive outlook for second half 2021 in all core geographies, allow to upgrade the financial targets of 2021 of revenues and OIBDA. Also, guidance basis takes into account the updated perimeter of consolidation following the sale of Telxius Towers and completion of the VMED O2 UK JV (consolidated using the equity method), both as of 1 June 2021, and the sale of Costa Rica as of 1 August. The company updated revenues (y-o-y organic) guidance for stable to slight growth.