Telefonica organic growth accelerates to 2.8% in Q3

Wednesday 12 November 2014 | 08:48 CET | News
Telefonica reported an acceleration in organic growth in the third quarter, helped by stabilising results in its home market Spain and solid growth in key Latin America markets such as Brazil and Mexico. Revenue rose 2.8 percent on an organic basis to EUR 13.02 billion, and adjusted OIBDA was up 0.8 percent to EUR 4.27 billion. The company attributed the organic growth to a 14.1 percent rise in sales at Telefonica Hispanoamerica and 25.3 percent increase in mobile data revenues. On a reported basis, the figures were still 7.4 and 8.7 percent lower respectively, due to negative currency

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Categories: General
Companies: E-Plus / GVT / O2 / Telefonica
Countries: Latin America / Spain
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