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-0.000564971751412317 0 0 -0.00112994350282483 -0.00112994350282483 0 0.000406779661017005 -0.00112994350282483
Stock impact report

WRAPUP 1-European telcos face slow domestic growth, high investments [Reuters]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Reuters
WRAPUP 1-European telcos face slow domestic growth, high investments | Reuters 5 Min Read * Three top European carriers see profit growth of up to 3 percent * Chances of mergers in domestic markets slim * Mobile spectrum auctions, broadband buildout will be cash drain By Arno Schuetze, Mathieu Rosemain and Isla Binnie FRANKFURT/PARIS/MADRID, Feb 21 (Reuters) - Continental Europe’s three biggest telecoms groups expect only modest profit growth this year as they face relentless competition in their home markets and investments in next-generation mobile networks and fibre broadband. Deutsche Telekom, Orange and Telefonica forecast core profit growth of up to 3 percent for 2019, a year when costly 5G auctions will take place while mergers that could ease competition remain a distant prospect. France’ Orange and Spain’s Telefonica both face competition for domestic consumers from low-cost rivals Iliad and Yoigo respectively. Germany’s Deutsche Telekom operates in an easier domestic mobile Show less Read more
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