Spain-based Telefonica saw Latin America revenues grow 5.3 percent last year to 23 billion euros (US$33 billion), as the Company informed.

During the year the company has been registering improvements on its commercial activity and customer adds. Net profit for the 4Q increased 22% yoy and the client base grew by 6.8 million accesses. The company said: “This positive evolution sets the basis to keep growing going forward and allows us to propose new growth rates for 2010.”

Read the full statement here.

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