After rival Vodafone shares plunged, shares in Spanish telecoms group Telefonica fell more than 6 percent. Shares in Telefonica failed to open trade because of the high volume of trades placed.
Madrid Based Trader said that “Vodafone’s saying they’ve been hit hard in Spain, and people are worrying that Telefonica’s results will show the pressure as well.”
Wireless Federation » Telefonica shares fall as Vodafone looses its sheen (Madrid)
Telefonica shares fall as Vodafone looses its sheen (Madrid)
- July 23rd, 2008
- 7:22 am
