Telefónica enters losses due to the United Kingdom and the ERE, but exceeds 40,000 million in income. This is the first time that the company has closed a year in the red since 2002, when it undertook a significant impairment of assets of more than 16 billion.
The financial debt stands at 27,349 million euros, 2.6 times the Ebitda, after a slight rebound after purchasing the part that it did not control of its German subsidiary. Among the group's positive news, the behavior of the Spanish market stands out, which has grown in profitability during the last quarter.