Despite 6% organic revenue growth in Latin America, Telefonica said that its organic revenue grew 0.1% year-on-year in the third quarter to 14.13 billion euros. The company's revenues in Spain fell almost 7% year-on-year, but rose 2% in the U.K. in pounds sterling and climbed almost 6% in Germany.
Telefonica said capital spending in the first nine months of the year was 4.38 billion euros, down 19% on the same period in 2008. source: Telefonica statement
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