Telefónica forecast that its revenues in 2017 will be stable compared with 2016, despite the negative impact from regulation, which it estimates will amount to 1.2 percentage points. It plans to spend 16% of revenue on capex, excluding spectrum, in 2017.
In 2016, Telefónica's revenues increased 1.3% on an organic basis to 52.04 billion euros. In the fourth quarter of 2016, revenues rose by 2.7% on an organic basis. In 2016, organic growth in broadband revenues accelerated to 16.1%, "services over connectivity" grew by 7.7% and voice and access decreased by 7.9%.
Digital services revenues reached 1.28 billion euros in the fourth quarter (+11.1%) and 4.79 billion in 2016 (+14.1%). Video revenues rose 12.4% to 2.8 billion euros in 2016, "driven mainly by the consistent increase in the TV base in Hispanoamerica (+4%) and by the improvement in ARPU in Brazil and Spain associated with the wider adoption of premium content." Source: Telefónica presentation
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