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AT&T Inc. (NYSE:T) Approaches Telefonica S.A. (ADR) (NYSE:TEF), Report: Verizon, Frontier Communications, Windstream
Spain’s largest phone firm Telefonica S.A. (ADR) (NYSE:TEF) surged the most in three months in Madrid trading following newspaper El Mundo declared that AT&T Inc. (NYSE:T) made a purchased approach that was discarded by the country’s government. Telefonica shares increased around 3.9% to 10.42 euros, the most since March 14. The stock moved up 2.6%…
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Telefonica S.A. (ADR) (NYSE:TEF)’s Unsatisfactory Results Follow Estimates on Spain Drop
Spain’s largest telephone firm Telefonica S.A. (ADR) (NYSE:TEF) announced on Wednesday that its Q1 earnings that lowered analysts’ predicts as competition hurt sales in Latin America and its home market. The Madrid-based firm declared today in a statement that Operating income prior to depreciation and amortization dropped 10% from a year before 4.57B euros ($6B).…