Telefonica posts 1.9% organic revenue growth in Q1, service revenue up 0.8%

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(Telecompaper) Telefonica reported a drop in first-quarter results, hurt by negative currency effects, while organic growth remained positive. Revenues fell 7.1 percent to EUR 12.19 billion, but were up 1.9 percent on an organic basis, led by strengthening growth in Spain and Brazil. Service revenues increased 0.8 percent and handset revenue rose 16.5 percent. 
Source: Industry News (syndicated from Telecompaper.com)

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