Telefónica reported organic revenue growth in the third quarter of 2.8% year-on-year ( up from 1.3% in the second quarter). Group revenues in the quarter were 13.02 billion euros. Although revenues fell 6.6% in Spain, 2.3% in the UK and 0.5% in Germany, they climbed 1.1% in Brazil and 14.1% in the rest of Latin America.
Telefónica said capital spending in the year to September reached 5.74 billion euros, up 26% year-on-year in organic terms, "as a result of the focus on technological transformation and network modernisation and higher investment associated with customer base growth."
The Madrid-based telco also said its consumer video business generated 717 million euros in revenue in the first nine months of 2014, following organic growth of 24% in the third quarter, up from 15% in the first half of 2014 (see graphic). source: Telefónica statement
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