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Telef nica profit boosted by gain after O2 sale

2015-05-14 09:36:11| Telecom - Topix.net

Spanish telecommunications giant Telefonica SA said its first quarter net profit more than doubled, mostly because of a change in the way the company accounts for its U.K. unit after agreeing to sell that business. The Madrid company said Thursday that net profit jumped to EUR1.8 billion in the quarter, compared with a proforma EUR688 million a year earlier.

Tags: sale gain profit o2

Category:Telecommunications

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