Telefónica expanded its fiber and 5G networks in Q1 2025 while increasing customer subscriptions across key markets. The company ended March with 354 million total customer accesses, including a 9% year-over-year rise in fiber-to-the-home (FTTH) customers and a 1% uptick in mobile contract users. Telefónica also passed 1.5 million additional FTTH premises during the quarter—37% of them through wholesale fiber vehicles—bringing its global ultra-broadband footprint to 170.9 million premises.
Network coverage continues to deepen across Telefónica’s core markets. Average 5G mobile population coverage hit 75%, with leading coverage in Spain (92%), Germany (98%), Brazil (62%), and the UK (77%). Telefónica España posted 1.7% organic revenue growth and a 1% EBITDA gain, with strong retention and customer satisfaction scores (NPS of 35). Telefónica Brasil reported revenue growth of 6.2% and EBITDA up 8%, while Telefónica Deutschland’s performance was driven by commercial momentum and operating cash flow growth of 4.8%.
The company emphasized a focus on high-value customer relationships and infrastructure expansion. Telefónica maintained its global leadership in FTTH outside of China and is actively reducing exposure to non-core markets. Following the sale of its operations in Argentina and agreement to divest Colombia, Telefónica confirmed its full exit from Peru in April. Meanwhile, the company reported a total CapEx of €938 million in Q1, down 2.8% organically, representing 10.1% of revenue. Net financial debt declined slightly to €27.05 billion, and Telefónica reaffirmed its €0.30 per share dividend for 2025.
Key Points:
- 354M total accesses; FTTH customers up 9%, mobile contract users up 1%
- 170.9M FTTH and ultra-broadband premises passed; +1.5M in Q1
- 5G coverage: 92% in Spain, 98% in Germany, 62% in Brazil, 77% in UK
- Spain: +1.7% organic revenue, +1% EBITDA; Brazil: +6.2% revenue, +8% EBITDA
- Operating cash flow up 4.8% in Germany
- CapEx: €938M; CapEx/Sales ratio at 10.1%
- Net financial debt: €27.05B; leverage at 2.67x EBITDAaL
- 2025 dividend of €0.30/share confirmed
“We are deepening customer engagement and expanding next-generation networks across our core markets. Our FTTH and 5G rollouts are driving subscriber growth and positioning us for stronger performance through 2025,” said Emilio Gayo, COO of Telefónica.
