Briefs: Telefonica posts strong Q3 sales, profit

Nov 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: Greenland darkening to continue, predicts CCNY expert Marco Tedesco

Related Stories

Vivendi, Telefonica in talks over Brazil business (Update)

Aug 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

Apr 03, 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.

Dutch telecom KPN to cut 1,500 jobs

Feb 04, 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.

Carlos Slim in $9.6BN bid for Dutch telecom KPN

Aug 09, 2013

America Movil SAB, owned by Mexican billionaire Carlos Slim, will launch a 7.2 billion euro ($9.6 billion) bid for the part of Dutch telecom company Royal KPN NV it doesn't already own, in a challenge to a rival offer for ...

Recommended for you

How to alert drivers to fatigue

24 minutes ago

Frank Black is a professional truck driver, having clocked up nearly three decades travelling the breadth of Australia. But every time he gets into his cab, Black thinks about driver fatigue; over the years ...

Protecting our rights to privacy and digital dignity

36 minutes ago

How many of us read the terms and conditions when signing up to a social media account or downloading a new app? And does agreeing to these rules offer us any real protection from big business looking to ...

Energy-tracking app encourages sustainable behaviors

1 hour ago

For a generation motivated by technology and fast-moving information, a professor at the University of Wisconsin-Madison has created an energy-tracking app to make reducing day-to-day energy usage more accessible.

Google big Android Wear update adds functions, fun

3 hours ago

Android Wear's Monday announcement of new features is drawing many compliments from those watching out for what's next in making a smartwatch purchase. The new attractions include the lightness of wearing ...

User comments : 0

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.