Telefonica Group has reported revenues of EUR48.7 billion (USD55.2 billion) for the twelve months ended 31 December 2018, down 6.4% on an annualised basis. Group OIBDA for the year under review decreased 3.8% to EUR15.6 billion, while operating income for 2018 dropped 4.0%, to EUR6.5 billion. Net income attributable to equity holders of the parent company was reported at EUR3.3 billion, up 6.4% on an annualised basis.
The group performed poorly in Latin America, with Telefonica Brasil (Vivo) seeing sales plummet 15.8% to EUR10.1 billion. Revenues for ‘Telefonica Hispam Sur’ (encompassing its businesses in Argentina, Chile, Peru and Uruguay) slumped 18.8% year-on-year to EUR6.7 billion, while sales for ‘Telefonica Hispam Norte’ (Colombia, Mexico, Central America, Ecuador and Venezuela) dropped 5.9% to EUR4.1 billion. Domestic unit Telefonica Espana recorded a 0.4% increase in its full-year sales, to EUR12.7 billion, while Telefonica Deutschland and Telefonica UK generated revenues of EUR7.3 billion (3.8%), respectively.
In operational terms, Telefonica reported consolidated mobile accesses of 270.815 million at 31 December 2018, of which 117.370 million were LTE users. In addition, the Spanish group reported 22.088 million internet and data users, 34.941 million fixed line accounts and 8.875 million pay-TV subscribers.