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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
El beneficio de Telefónica cayó un 53,9 % en el primer trimestre del año hasta los 748 millones de euros, con respecto al mismo periodo de 2011, informó a la Comisión Nacional del Mercado de Valores (CNMV
En este periodo obtuvo unos ingresos de 15.511 millones de euros, un 0,5 % más que hace un año, pero un 1,8 % menos que en el trimestre anterior, debido a la caída del 6,6 % del negocio europeo, que fue compensado por el incremento del 8,3 % de las ventas en Latinoamérica
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MADRID -(MarketWatch)- Telefonica SA /quotes/zigman/161324/quotes/nls/tef TEF +3.01% said Friday its first-quarter net profit fell on weakness in European markets like Spain and Italy, despite a strong contribution from its Latin American operations.
Madrid-based Telefonica--Europe's second-largest telecommunications company by market value after U.K.-based Vodafone Group PLC (VOD) -- said its first quarter net profit dropped to EUR748 million in the first quarter of the year, a 54% drop from the same period last year.
A poll of nine analysts conducted by Dow Jones Newswires had anticipated a EUR1.31 billion net profit.
Operating income before depreciation and amortization, or OIBDA, fell 8.8% to EUR5.08 billion, with Latin America representing for the first time more than 50% of that figure. OIBDA was lower than analysts' expectations who on average projected OIBDA at EUR5.27 billion.
Telefonica's revenue in the first quarter rose 0.5% to EUR15.5 billion. The earnings report published Friday includes a EUR337 million write-down for Telecom Italia operation
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