November 8, 2012
Cash-strapped Spaniards ditch their mobile phones
Sad times with Reuters reporting that a quarter of a million Spaniards have ditched their mobile phones because of the economy.
Spain's telecoms watchdog said on Thursday mobile phone connections fell 242,000 in September, the eighth consecutive decline in a country at the forefront of the euro zone debt crisis and where one in four of the workforce is unemployed.
The decline is bigger than the 226,000 connections cancelled in August, though below April's record of 380,000.
Since September, both Telefonica and Vodafone have announced cheaper tariffs in an escalating price war between Spanish operators.
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