Three of Europe’s biggest telecoms firms have reported falling profits, but the results came in ahead of analysts’ expectations.

Spain’s Telefonica saw second-quarter net profits drop 6% to 1.93bn euros (£1.65bn), while BT’s pre-tax profits fell 45% to £272m in the same period.

France Telecom reported a 4.3% fall in net profits for the first half of 2009.

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