Thursday, November 11, 2010
Growth Accelerates for Telefonica
Pan-Europe and Latin-America telco Telefonica said its revenues rose 2.5% year-on-year on an organic basis in the first nine months of 2010 to 44.28 billion euros, compared with a rise of 2% in the first six months and just 0.9% in the first quarter.
Telefonica said that its Latin American operations contributed 2.7 pecentage points of the organic growth and its European operations, excluding Spain, contributed 0.9 percentage points, offset by a negative contribution of 1.4 percentage points from Telefonica Espana. The Madrid-based group said that its revenues from mobile data services rose 21% year-on-year in the first nine months of 2010 and now account for 26% of mobile service revenues. source: Telefonica presentation
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