For the first time, the Latin American country ranked as the largest market of the company in revenue generation. Net profit rose 20.6% to €902 million.
The company reported a decline of 17.4% in net profit in the first quarter. Revenue rose only 0.2% compared to the same period of 2012. The Triple Pla...
The company's revenue rose 8.3%, driven by 30% growth in mobile broadband in Latin America. In March U$S500 million were transferred through its mobile services.
Latin America registered a growth of 5.5% in revenue and became the group's largest contributor. Total accesses in the region amounted to 212 million, a 6% increase year on year.
Annual revenue increased 6%, but between October and December showed a decline of 1.1%. The company reached 261.6 million mobile accesses, up 8.2% from the end of 2011.
The region represented 49% of the revenue in the third quarter. Latin American operations net result grew by 6% year-over-year against a 2% fall in the global result.
Telefónica's separation of Latin America businesses from those of broken Europe could be more serious than though of, according to statements of Angel Vilá, CFO of Telefónica.
Latin American business still boosts the company’s development, since in the region incomes increased by 7%. Total earnings fell by 34.4% reaching to €2.075 billion.
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