Telefonica: Third Quarter Sales, Demand Picking Up
October 30 2009 - 7:43AM
Dow Jones News
Telefonica SA (TEF) said Friday that demand for the products it
sells has improved in the third quarter, compared to previous
quarters.
"There has been an uptick in sales of mobile Internet and
high-speed ADSL packages in the third quarter, our commercial
activity is improving," Telefonica's Chief Operating Officer Julio
Linares said in a meeting with journalists.
Telefonica's chairman, Cesar Alierta, added that consumption in
general had risen in the quarter.
Madrid-based Telefonica is slated to report third-quarter
earnings Nov. 12.
Telefonica has been hit by a steep drop in consumer spending in
its home Spanish market that is mired in a deep recession.
Telefonica is Spain's largest telecommunications company by
market value and customers, and has operations throughout Europe
and Latin America.
Company Web site: www.telefonica.com
-By Jason Sinclair, Dow Jones Newswires, 34 913958127,
jason.sinclair@dowjones.com