Telefónica Reaffirms 2023 Guidance Amid Solid Q1 Revenue Growth
Spanish telecommunications group Telefónica has reaffirmed its 2023 financial guidance, following a solid Q1 revenue growth. The company projects low single-digit growth in both revenue and operating income before depreciation and amortisation (OIBDA) for the full year, with a capex to sales ratio of 14%. Additionally, Telefónica has confirmed its dividend for 2023. Telefónica CEO…