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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Telefonica S.A.    TEF   ES0178430E18

TELEFONICA S.A.

(TEF)
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Telefonica S A : Spain to invest 4.3 billion euros on 5G and broadband by 2025

12/01/2020 | 09:49am EST
FILE PHOTO: Hanging cubes display 5G logo at the Mobile World Congress in Barcelona

MADRID (Reuters) - Spain will invest 4.3 billion euros (3.85 billion pounds) on deploying next-generation 5G telecoms technology and extending broadband coverage by 2025, the government said on Tuesday.

A total of 883 million euros is already in next year's budget, which parliament is set to approve in the coming weeks and includes investments to extend broadband to rural areas.

"The goal is that everyone, regardless of where they live, enjoys the benefits of these advances in connectivity under a plan which is particularly relevant for rural Spain"," Maria Jesus Montero, a government spokeswoman, said after a weekly cabinet meeting.

Spain also expects companies will invest around 24 billion euros on 5G technology in the country by 2025, Montero added.

Operators across the world are activating networks that can offer super-fast download speeds and eventually connect billions of devices to help run homes, offices, factories and cities.

Spain's 5G rollout would require 6 billion euros in infrastructure investment, the head of domestic market leader Telefonica's Spanish business said last week.

Industry body GSMA estimates telecoms operators worldwide will spend 78% of a projected $1.14 trillion in capital expenditure over the next five years on 5G.

($1 = 0.8356 euros)

(Reporting by Emma Pinedo; Additional reporting by Isla Binnie; Editing by Inti Landauro, Louise Heavens and Alexander Smith)


© Reuters 2020
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Financials
Sales 2020 43 367 M 52 370 M 52 370 M
Net income 2020 1 834 M 2 215 M 2 215 M
Net Debt 2020 40 731 M 49 187 M 49 187 M
P/E ratio 2020 11,4x
Yield 2020 10,2%
Capitalization 20 622 M 24 933 M 24 903 M
EV / Sales 2020 1,41x
EV / Sales 2021 1,43x
Nbr of Employees 113 392
Free-Float 89,8%
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Technical analysis trends TELEFONICA S.A.
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Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 5,01 €
Last Close Price 3,75 €
Spread / Highest target 140%
Spread / Average Target 33,6%
Spread / Lowest Target -30,7%
EPS Revisions
Managers and Directors
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá 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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