(MENAFN) Spanish telecommunications firm Telefonica said its net profits for 2018 have reached 3.331 billion euros, increasing 6.4 percent.
The company had total income of 48.693 billion euros and was able to reduce its debts by 2.445 billion euros to 41.785 billion euros.
Company President said: "the year that passed the halfway mark in the transformation of Telefonica. Today I can assure you that Telefonica is closer to the company we want to be than to the company we were."
"Our solid set of fourth-quarter results reflected the improvement in business' sustainability. Value customers and their average lifetime continued increasing, while both revenue and operating cash flow growth accelerated," he added.
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