Telefonica, which has net financial debt of 57 billion euros, in May reported an 8.8 percent drop in first-quarter operating profit after it lost customers in its home market to discounters. Photographer: Angel Navarrete/Bloomberg
Telefonica, which has net financial debt of 57 billion euros, in May reported an 8.8 percent drop in first-quarter operating profit after it lost customers in its home market to discounters. Photographer: Angel Navarrete/Bloomberg
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