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The NEWS

Article de OPINIóN Telephony
2007-11-15

Telephone

The market waited for the good news de Telephone it has received and them. The Spanish multinational announced yesterday a result record de 7,484 million Euros until September, a 51% more than in the same period de 2006.

It is certain that the capital gains obtained by the sale de Airwave and Endemol, 2,700 million Euros, have contributed de significant way to this result, but is not it less than already they were discounted by the market, that had centered its expectations in the solid prdeile de growth that comes showing the company.

The operator who presides over Caesar Alierta has defrauded. Telephone she has grown in clients, income and benefits and she has made it in all the geographic areas in which he is present, essentially thanks to the push de the movable telephony and to the development de the market de Internet and broadband, whose hard growth has allowed to contain the process de loss de fixed lines. The key de this growth is especially in a diversified structure, in which all the areas contribute to value and business, and in the positive evolution de the group in Latin America.

Although Spain still represents the greater source de income de Telephone, the South American continent leads the rate de growth in income, chapter in which also emphasizes the increasing contribution de Europe. The future one is there. That is to say, in the organic growth inside and outside Spain, in the selective purchases and the involution de the chain de value oriented to the client. A strategy that until the moment has allowed Telephone fulfilling its expectations and transferring them to its shareholders through a gJanuaryus policy de dividends.



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