Equity Research on Telefonica S.A. and KT Corporation - Foreign Telecom Benefiting From Diversity
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/16/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Telecom Services - Foreign industry and are offering free analytical research on (NYSE: TEF) and (NYSE: KT). Register with us today at to have free access to these research reports.
Foreign telecom services companies, including Telefonica S.A. and KT Corporation, have been facing a diverse array of challenges of late. Some have fared better than others in recent earnings reports as diversified interests have help to balance revenues. The current austerity movement in Europe was felt by companies with interests in the area. Get your free reports on and at . There is no commitment to join.
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For example, in the first quarter, Telefonica saw its European revenue decline by 6.6 percent year-over-year. However, the company profited from its Latin American interests which more than offset declines, driving a 0.5 percent rise in total revenue for the quarter. Nevertheless, compared to a year ago Telefonica saw net profits decrease by a 54 percent to EUR 748 million. report is accessible for free by registering today at .
In Korea, telecom companies have been impacted by mobile-phone fee cut implements in response to government requests to help fight inflation. Despite these challenges, KT beat analyst expectations, posting profits of 407.6 billion won. Aided by revenue from its credit card business, sales increased by 9.1 percent to 5.758 trillion won, though costs also rose as the company worked to develop its long-term evolution technology. report is accessible for free by registering today at .
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