Telef\u00f3nica says its Venezuela exit plans and Mexican operations remain unchanged, emphasizing stability while strengthening its financial narrative. The company reported 2025 revenue growth of 1.5%, higher EBITDA, and free cash flow above guidance, meeting its annual targets. For 2026, it projects moderate revenue and EBITDA growth, \u20ac3 billion (US$3.54 billion) in free cash flow, and continued debt reduction.\u00a0<\/p>\n
Telef\u00f3nica says its plans for Venezuela and Mexico remain unchanged. During the Feb. 24 results press conference, Marc Murtra, Chairman, Telef\u00f3nica, said the company sees no changes to its exit roadmap, while Movistar M\u00e9xico has publicly said its services in Mexico continue operating normally.<\/p>\n
That stance comes as Telef\u00f3nica also pushes<\/a> a stronger narrative on financial execution. In its official results release for fourth-quarter and full-year 2025, the company said it increased revenue, adjusted EBITDA and free cash flow, and met its 2025 financial targets. Telef\u00f3nica reported full-year revenue of \u20ac35.12 billion (US$41.39 billion), up 1.5% in constant terms, with adjusted EBITDA up 2.0% and adjusted operating cash flow after leases up 5.9%. The company also said free cash flow from continuing operations reached \u20ac2.07 billion (US$2.44 billion) in 2025, above the roughly \u20ac1.9 billion (US$2.24 billion) level it had guided in the third quarter update.\u00a0<\/p>\n For 2026, Telef\u00f3nica set targets that reinforce a disciplined, cash-focused approach, constant-currency growth of 1.5%-2.5% in both revenue and adjusted EBITDA, more than 2% growth in adjusted operating cash flow after leases, CapEx-to-sales of around 12%, and free cash flow of around \u20ac3 billion (US$3.54 billion), while continuing to reduce debt toward its 2028 objective.\u00a0<\/p>\n Murtra sees \u201cadvances\u201d toward enabling consolidation in the European Union\u2019s telecom sector, while stressing that growth strategies tied to mergers and acquisitions only make sense if policy and practical conditions for consolidation actually change, reports Europa Press<\/a>. He cites public comments from Ant\u00f3nio Costa, President, European Council, supporting a more favorable environment for telecom consolidation in the region.<\/p>\n For Mexico, services will remain active and uninterrupted, with normal network operations, commercial activity, and customer service channels, reports MBN.<\/a> Telef\u00f3nica Movistar M\u00e9xico is also emphasizing ongoing contract compliance and continuity for users and businesses to avoid uncertainty around ownership, which can quickly raise concerns among enterprise clients, consumers, and partners about service continuity, investment plans, and support levels.<\/p>\n In the country, the company is focusing on core markets. Murtra explicitly linked Mexico\u2019s complexity to market configuration and incumbent strength, while declining to discuss the process in detail, reports Europa Press.\u00a0<\/p>\n