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Telefonica says limited impact from Covid-19 as Q1 organic revenues fall 1%

2020-05-07 08:54:00| Telecompaper Headlines

(Telecompaper) Telefonica said it has seen limited impact on results so far from the Covid-19 pandemic, with the negative effects largely offset by positive effects elsewhere. Nevertheless the company has withdrawn its financial guidance for 2020 due to the uncertain economic climate and said it will make its next two dividend payments in stock, while it focuses on maintaining stable operating cash flow. 

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