Telefonica (TEF -8.6%), Telecom Italia (TI -5.9%), and France Telecom (FTE -4%) slump following...

|About: Telefonica S.A. (TEF)|By:, SA News Editor

Telefonica (TEF -8.6%), Telecom Italia (TI -5.9%), and France Telecom (FTE -4%) slump following Vodafone's (VOD -2.3%) disappointing FQ1 report. The carrier reported Y/Y revenue declines of 7.7% and 10%, respectively, for its Italian and Spanish ops. A downbeat Spanish GDP forecast and a general selloff in Euro stocks probably aren't helping either.