(Bloomberg) -- Investors buying Telefonica SA bonds may profit because the strength of Europe's second largest telephone company's earnings will offset any concerns about the level of its debt, according to analysts at BNP Paribas SA.
Madrid-based Telefonica said on May 16 that first quarter profit rose 7.7 percent to 1.26 billion euros ($1.7 billion) boosted by the growth of broadband services in Spain and the acquisition of U.K. mobile phone operator O2 Plc.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment