Summary Box: Telefonica profit up on LatAm markets

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THE RESULTS: Spanish telephone company Telefonica says net profit doubled in the last quarter due to strong growth in Latin America.

THE LATIN AMERICAN INFLUENCE: Telefonica says revenue from the region now accounts for 47 percent of the total. Of the company’s 306 million clients, 201 million are now in Latin America.

BACK HOME: Revenue in Spain accounts for a quarter of the total and fell by 9.5 percent.