Thursday, July 25, 2013
Telefónica Ekes Out Organic Growth
Telefónica said its revenues rose 0.5% year-on-year in the second quarter on an organic basis to 14.42 billion euros. Revenues in Latin America rose 10.4% in the second quarter, up from 6.8% growth in the first quarter. Revenues declined 8.8% in Europe, less than the 10.5% in the first quarter.
César Alierta, executive chairman, said: "The quarter shows a clear intensification of the commercial activity, especially in high value segments, driven by a robust demand in mobile data, resulting in a strong growth of smartphones, and ultra-broadband (fiber, VDSL)." source: Telefonica statement
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