Q1 in line with expectations with revenues and EBITDA up, respectively, by 1.3% and 1% yoy. But thanks to an agreement signed two days ago with Vodafone, Telefónica Deutschland will be able to supply up to 24m cable households in Germany with attractive O2 fixed network products at higher speeds than VDSL. This is clearly a new growth driver. With a current dividend yield at 9.45%, we still believe the group is discounted compared to its peers.
09 May 2019
A Q1 globally in line and a good agreement with Vodafone
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A Q1 globally in line and a good agreement with Vodafone
Telefonica Deutschland Holding AG (O2D:WBO) | 0 0 1.5% | Mkt Cap: 11,895m
- Published:
09 May 2019 -
Author:
Jean-Michel Salvador -
Pages:
3
Q1 in line with expectations with revenues and EBITDA up, respectively, by 1.3% and 1% yoy. But thanks to an agreement signed two days ago with Vodafone, Telefónica Deutschland will be able to supply up to 24m cable households in Germany with attractive O2 fixed network products at higher speeds than VDSL. This is clearly a new growth driver. With a current dividend yield at 9.45%, we still believe the group is discounted compared to its peers.