Spain's Telefonica plunges into red in Q3

11th November 2011, Comments 1 comment

Spanish telecoms giant Telefonica plunged into the red in the third quarter, the company said Friday as it reported a net loss of 429 million euros ($584 million).

The results compared with a profit of 5.06 billion euros for the same three-month period a year ago.

© 2011 AFP

1 Comment To This Article

  • Mary posted:

    on 11th November 2011, 22:40:06 - Reply

    No surprise at their losses.
    Try ringing 900101010 or any of their other contact details and it can take up to 20 calls to get through to do business with them.
    Terrible customer service...and they are now suffering through keen competition which they cannot deal with"