Europe’s Largest Operator Reports First Loss in Nine Years
Europe’s largest operator, Telefónica, recorded its first quarterly loss in nine years as it grappled with a “challenging” market environment. Net profit fell 69% to €2.73 billion for the period, with a reported 5.4% rise in revenue largely offset by a one-off restructuring charge of €2.7 billion. For the third quarter, the group posted a … Read more