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General

Telefonica sales in Spain drop 11.2% in Q3

Friday 8 November 2013 | 11:41 CET | News
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Telefonica's Spain unit (Telefonica Espana) reported sales of EUR 3.20 billion in the third quarter of 2013, a year-on-year decline of 11.2 percent, mainly due to a sharp 60 percent reduction in the mobile termination rate in July. However, the company stressed that revenues continued to stabilise their year-on-year trend and, excluding handset sales and the impact of regulation, fell 8.8 percent in the quarter, following drops of 9.6 percent in the second quarter and 10.5 percent in the first quarter. The company attributed the gradual recovery of business in Spain to a better overall

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Categories: General
Companies: Movistar / Telefonica Espana
Countries: Spain
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