Spain's Telefonica posts record 2010 net profit

 Spain's Telefonica posts record 2010 net profit: "Spanish telecoms giant Telefonica posted Friday a record 2010 net profit of 10.17 billion euros, a 30.8 percent jump over the previous year as weakness in Spain was offset by strong growth in the rest of Europe and Latin America.
Revenues rose 7.1 percent over the previous year to 60.7 billion euros ($83.6 billion) as the company added clients and its mobile data business grew as customers upgraded to smartphones, the company said in a statement"

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