Telefonica swings to net profit but Spanish business wilts - NewsBreak
By Faria in Business
Updated 2 years ago
MADRID, Nov 4 (Reuters) - Spanish telecoms firm Telefonica SA (TEF.MC) said on Thursday it swung to a net profit in the third quarter from a year-earlier loss thanks to the performance of its foreign units, though rising energy costs hit profitability in its domestic market. The company reported a...