Telefonica posts a subscriber base of 189 million at Q3’08 end
Telefonica reports a rise in Q3’08 revenues by 5.7% to $ 18.82 billion since ;ast year driven by continous growth in its mobile activities in Latin America. OIBDA fell 15.4% to $7.41 billion and net profits slipped to $2.51 billion, a fall of nearly 50%. driven by one-time gain in the year-earlier period for selling Endemol. Revenues in Latin America rose 14.5% to $7.26 billion, and Telefonica Spain’s revenues increased by 2% to $6.76 billion. Telefonica in Europe posted a 0.6% fall in sales to $4.63 billion. Telefonica subscriber base grew by 6.2 million in Q3’08 ending the quarter with 189 million mobile subscribers.
