0923 GMT - Telefonica isn't showing a return to robust growth yet, ING analyst Jan Frederik Slijkerman writes in a note. The Spanish telecommunications group's progress to reduce its debts remain disappointing, Slijkerman says. However, the first-quarter performance in Spain looks encouraging, he adds. Earnings before interest, taxes, depreciation, amortization, and lease expenses-- which measure the company's operating performance--in the Spanish market was 1.0% higher in the quarter. Shares are down 0.4% at 4.39 euros.( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 14, 2025 05:23 ET (09:23 GMT)
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