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Telefonica profits fall on restructuring costs, revenue still up 1.7%
2019-11-05 08:49:00| Telecompaper Headlines
(Telecompaper) Telefonica saw its revenue growth strengthen to 1.7 percent in the third quarter to EUR 11.9 billion, thanks to improved sales in Spain and Brazil and solid growth in the UK and Germany. However, the company's net result moved to a loss of EUR 443 million, due to restructuring charges of EUR 1.88 billion, mainly in Spain.
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Category:Telecommunications