Spanish telco Telefónica appears to have missed its copper switch-off deadline.
The carrier had initially set out to switch off its remaining copper exchanges this month.
However, in its latest earnings update for Q1, Telefónica, which this year turns 100, reported that it's "making progress in switching off the copper network in Spain."
Notably, it didn't confirm it had switched off the service, as was initially planned by now.
Telefónica began its move to switch off its copper network in 2015, and even brought forward its plans to retire its copper network by a year, with the initial switch-off originally expected in April 2025.
During an earnings call, Ángel Vilá said that the company has so far switched off around four thousand central offices, which is around half the 8,500 copper exchanges it had.
As for its first quarter results, the company reported net income of €532 million ($573m), up 78.9 percent year-on-year. Telefónica increased its total revenue to €10.1 billion ($10.9bn).
“We have started the year with a solid strengthening of our business, supported by the deployment of our new roadmap, the GPS strategic plan which will guide Telefónica until 2026," said Telefónica Chairman José María Álvarez-Pallete.
"Revenue is improving, commercial activity is improving and the quality of the service we provide to our customers and their satisfaction is also improving. Telefónica is making steady progress in the year of its Centenary with our principles of integrity, commitment, and transparency generating shareholder value."
