Venezuela's struggling telecoms operators must maintain fixed low prices after the country's regulator Conatel suspended their application to raise fees, doubling down on state-led economic policies. Regulator Conatel said President Nicolas Maduro had instructed the agency to suspend price hikes despite desperate calls from a subsidiary of Spain's Telefonica which said in February that the sector was in crisis. International communication in Venezuela is becoming tougher, with carriers barring international calls.
- Financial Times•2 days ago
Spanish telecoms group Telefónica blamed a 50 per cent plunge in second-quarter profit on damaging exchange rates and a drop in handset sales. Quarterly net earnings at the country's largest phone company ...
After hours: 9.75-0.01 (-0.12%) as of 5:16 PM EDT
|Bid||9.52 x 1000|
|Ask||9.99 x 500|
|52wk Range||8.34 - 15.54|
|Day's Range||9.69 - 9.77|
|Avg Vol (3m)||1,672,523|
As of 4:02 PM EDT. Market closed.