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	<title>Wireless Federation &#187; devaluation</title>
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		<title>Telefonica predicts profits drop due to Venezuelan devaluation</title>
		<link>http://wirelessfederation.com/news/21753-telefonica-predicts-profits-drop-due-to-venezuelan-devaluation/</link>
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		<pubDate>Mon, 08 Feb 2010 13:31:29 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[devaluation]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[Net Profit]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[Venezuela]]></category>

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		<description><![CDATA[www.WirelessFederation.com/news: Due to Venezuela&#8217;s rising inflation and the devaluation of the Bolivar, the net profit of Telefonica will be reduced by nearly EUR 548 million. Telefonica&#8217;s second largest revenue generator in Latin America is Venezuela which accounted for almost 7 percent of revenues in the first nine months of 2009. However, the company feels that [...]]]></description>
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		<title>Turkcell reports 2008 full year results (Turkey)</title>
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		<comments>http://wirelessfederation.com/news/14489-turkcell-reports-2008-full-year-results-turkey/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 07:43:51 +0000</pubDate>
		<dc:creator>Editor</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[devaluation]]></category>
		<category><![CDATA[Turkey]]></category>
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		<description><![CDATA[Turkcell, the leading provider of mobile communications services in Turkey, announced results for the fourth quarter and year ended December 31, 2008. Turkcell Iletisim Hizmetleri A.S. Results for the Full Year 2008: The Group recorded solid financial results despite the volatile global markets, which resulted in a sharp 25% devaluation of TRY against USD in [...]]]></description>
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