Telefonica achieved organic year-on-year growth in revenues of aproximately 3% in the second quarter of 2010 to 15.12 billion euros, as the Madrid-based group's mobile base rose almost 10% in the year to the end of June to 211 million connections. Mobile broadband connections were up almost 85% year-on-year to 17 million.
Telefonica said its Spanish business saw a 3.4% decrease in revenues, in comparable terms, in the first half of the year, while its Latin American business registered organic growth of 6.2% and Telefónica Europe’s year-on-year revenue growth was 6.5% in organic terms and excluding regulatory effects, with "healthy growth in the UK and German markets."
Teleconica said first-half capex (excluding spectrum acquisitions) totalled 2.92 billion euros (+0.9% year-on-year in organic terms and +5.1% in reported terms). source: Telefonica statement