Spanish company Telefonica chairman and CEO &lt;a gi-track='captionPersonalityLinkClicked' href=/galleries/search?phrase=Cesar+Alierta&amp;family=editorial&amp;specificpeople=682663 ng-click='$event.stopPropagation()'&gt;Cesar Alierta&lt;/a&gt; gives a press conference to announce the company's year results in Madrid on February 25, 2015. Spain's Telefonica reported today a 34.7 percent plunge in net profits to 3.0 billion euros ($3.4 billion) in 2014, citing Venezuela's economic crisis and other exceptional costs.