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Despite looming recession, Telefónica managed to grow slightly (0.7%), ending the first half of the year with 3.62 billion EUR (about $5.08 billion) in profits. Excluding one off capital gains last year, the increase would have been 11%, although revenues fell by two percent to 27.6 billion EUR.
As expected, the growth came from Latin America, which contributed 39.8% to consolidated revenues and 39% to OIBDA. Telefónica Europe also reported growth, with — as expected (again) — not that impressive numbers.
The main story is that the group’s wireless subscriber base exceeded 200 million at the end of June: during the first quarter of the year, operator added slightly more than 5 million customers, and around 2.7 million in the second. Brazil led the growth with 1.9 million new customers, followed by Germany (0.7 million), Mexico (0.6 million) and the United Kingdom (0.4 million).
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
