Spanish mobile operator shows how it's done...
By Jon Bernstein, 14 May 2002 08:31
NEWS Moviles, the Spanish mobile phone operator owned by Telefonica, turned a massive 85 per cent rise in first quarter profits, beating analyst expectations and spreading some much needed cheer to the telecoms sector. Profits rose from E154.7m to E287m as subscriber numbers rose above 30 million. Analysts thought profits of E251m were likely. Sales were up in line with expectations from E1.94bn to E2.26bn, a rise of 17 per cent.
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