Telefonica results

Telefonica said its 4Q06 net profit fell 12% to €1bn, on revenues of €14bn, up 37%. Full year results were: net profit of €6.2bn, up 41%, on revenues of €18.4bn, up 11%. OIBDA stood at €4.5bn, up 5%, for the quarter. The mobile arm, Moviles, reported €18.4bn revenues for the year, up 11%, and 145m mobile subscribers. Domestic revenues amounted to €12bn, up almost 2%, helped by 26% growth rate in Internet access services at €2.4bn, but lmost offset by fall in voice call revenues down 6% to € 4.9bn. Fixed line LATAM revenues amounted to €9.5bn, up 14%.