Briefs: Telefonica posts strong Q3 sales, profit

November 11, 2005

Spain's Telefonica said Friday that its profits soared amid increased demand for phone services.

The Spanish telecommunications giant said net profit for the third quarter rose 53 percent to $1.66 billion, while sales increased by 32 percent to $11.75 billion.

In addition, the company revised up its sales growth to 15 percent from a year ago, above the 12-percent increase it had initially anticipated.

Earlier this month Telefonica bought out British mobile carrier O2 for over $31 billion in order to beef up its wireless services.

Copyright 2005 by United Press International

Explore further: Ofcom's massive price hike could cost us and the UK telecoms industry dearly

Related Stories

Germany auctions off new mobile phone frequencies

May 27, 2015

Germany on Wednesday started an auction of frequencies for mobile phone operators, pledging that users will soon enjoy nationwide super-fast 4G coverage without "black holes" in rural areas.

Vivendi, Telefonica in talks over Brazil business (Update)

August 28, 2014

French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised ...

US secretly created 'Cuban Twitter' to stir unrest

April 3, 2014

In July 2010, Joe McSpedon, a U.S. government official, flew to Barcelona to put the final touches on a secret plan to build a social media project aimed at undermining Cuba's communist government.

France mobile bid could extend consolidation trend (Update)

March 6, 2014

French conglomerate Bouygues offered 10.5 billion euros ($14.4 billion) for control of mobile operator SFR telecommunications, launching a bidding war Thursday that could extend the wireless industry's attempts to consolidate ...

Dutch telecom KPN to cut 1,500 jobs

February 4, 2014

Royal KPN NV, the Dutch telecom company partly owned by Mexican billionaire Carlos Slim, says it will cut at least 1,500 jobs—5 percent of staff—by 2016 as its fourth quarter sales fell and losses worsened.

Recommended for you

Professor solves 140-year fluid mechanics enigma

October 7, 2015

A Purdue University researcher has solved a 140-year-old enigma in fluid mechanics: Why does a simple formula describe the seemingly complex physics for the behavior of elliptical particles moving through fluid?


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.