On Wednesday, data from a Spainish regulator showed that the country's mobile market had collapsed in June. The information reduced the chances of recovery for the country after the mobile market's growth in May was recorded for the first time in ten months.

The recession in Spain, which left 26% of the workforce unemployed, pushed its mobile phone users to either dump their handsets or switch to a cheaper operator. The inexpensive service providers gained market share while the telecommunications giant like Telefonica started to lose its market position.

The data from the telecoms' regulator of Spain displayed that the handset market shrank by up to 100,000 mobile lines two month ago. The overall number of mobile connections declined to 51.9 million from 2012's 54.6 million.

The figures from the CMT, a Barcelona-headquartered regulator, showed the country's return to a pattern of contraction that was observed since 2009. The operator earnings plunged to more than Eur400 millions equivalent to GBP343.0 million in the fiscal year that would end on March.