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Feb 25, 2021 Telefónica demonstrates its management efficiency and financial strength during the pandemic with cash generation of €4,794 million for the full year. The company shows a progressive improvement both in commercial and operational activity in the last quarter of the year, with revenues of €10,909 million. The Group cuts net financial debt by over €2,500 million in 2020. Since mid-2016 it has been reduced by €17,000 million. Telefónica will propose to the next AGM the shareholder remuneration policy for 2021, a voluntary scrip dividend of 0,30 euros per share. Telefónica increased its total volume of accesses to 345.4 million, in a year marked by greater customer satisfaction and loyalty.

Comunidad autonoma de catalunaUnited statesUnited kingdomPablo eguirJose cerdCorporate developmentVirgin mediaAmerican tower corporationBetween octoberNew telefTelefonica techBig dataChief financialCorporate development officerGlobal headInvestor relation