Profits fall at Europe’s biggest phone companies

July 30, 09 by David Goldstein

Three of Europe’s biggest telecoms firms have reported falling profits, but the results came in ahead of analysts’ expectations.

Spain’s Telefonica saw second-quarter net profits drop 6% to 1.93bn euros (£1.65bn), while BT’s pre-tax profits fell 45% to £272m in the same period.

France Telecom reported a 4.3% fall in net profits for the first half of 2009.

To read this BBC News report in full, see: news.bbc.co.uk/2/hi/business/8176298.stm

Read the rest of this entry »
  • Date Thursday, 30 Jul 09 at 7:32 pm
  • Under Industry News
  • You can follow any responses to this entry through the RSS 2.0 feed .
  • Both comments and pings are currently closed .

Comments are closed.