Telefonica reports sharp fall in profit in 2007

26 Feb 2008

Fixed line former incumbent Telefonica de Argentina (TdA) posted net profits of ARS72 million (USD22.6 million) in 2007, down 67.5% compared to 2006, the company said in a note to the Buenos Aires stock exchange, reported by BNamericas. 2006’s figure of ARS222 million was a 71% drop compared to 2005. The company did not provide further details.

Argentina, Telefonica Argentina (Movistar)