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Stock impact report

Telefonica Becomes Latest Victim of Chile's Mobile Phone Curse [Yahoo! Finance]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
phone market pushed up losses and the parent company unloads assets across Latin America. Most Read from Bloomberg ICE Eyes Massive California Tent Facility Amid Space Constraints How Britain's Most Bike-Friendly New Town Got Built Washington, DC, Region Braces for ‘Devastating' Cuts from Congress The Dark Prophet of Car-Clogged Cities Saving the Signature Sound of Washington, DC The company's notes due 2031 have dropped 7.2 cents on the dollar since August to 74.5 cents, the lowest since February 2024. In just the last month, the bonds have tumbled 2.5 cents, one of the worst performances among Chilean hard-currency debt. The Chilean unit of Spain's Telefonica SA is the latest victim of cut-throat competition in Chile's mobile phone market, which pushed rival WOM into Chapter 11 bankruptcy proceedings last year. The extent of Telefonica Chile's troubles became apparent on Feb. 27, when it reported a loss of $446.6 million for last year, a six-fold increase on 2023. No Show less Read more
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