(Telecompaper) Telefonica's domestic revenues rose on an annual basis last month for the first time since 2009, according to the company's chairman Cesar Alierta. Speaking at the company's general shareholders' meeting, Alierta welcomed the upturn in the domestic market following a long-term recession in Spain that hit Telefonica badly, reducing its revenues by 40 percent since 2009. He described 2014 as "a year that marks the culmination of a period of intense transformation and in which we have taken great strides towards becoming a leading digital telco." The announcement of a slight year-on-year rise in monthly revenues comes just after Telefonica increased the monthly tariffs of its popular Movistar Fusion convergent packages by around EUR 5 per month in exchange for improved services.