Telecom service provider Telefonica today said its Capex (capital spending) rose 26.2 percent to €5,738 million or $7,167 million in the first nine months of 2014.

Nine months revenue of Telefonica increased 1.9 percent to €37,978 million or $47,438 million. Telefonica revenues in the third quarter were €13,021 million.

Net income of Telefonica dipped 9.4 percent to €2,849 million during the first nine months.

Telefonica Chairman Cesar Alierta said the company’s future investments in the modernization of telecom infrastructure and the difference in quality of the services are the key aspects to guarantee sustainable growth.

The number of Telefonica mobile subscriber base rose 2 percent to 249.4 million.

Smartphones with a data plan rose 43 percent to 82.3 million, reaching a penetration rate of 35 percent over total access base.

Fiber accesses increased 2.1 times to 1.4 million, after posting net additions of 265K.

Baburajan K

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