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The company said the revenue decline was primarily due to ongoing pricing pressure in traditional voice and data services, and declines in retail volumes.
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However, supermarkets and other food stores enjoyed strong sales, amid an ongoing price war.
Thanks to an ongoing price war, you may have enjoyed a cheaper Christmas dinner.
Food is also 3% cheaper than in April 2014, in part due to an ongoing price war between supermarkets.
On June 21st, Barnes & Noble (B&N) slashed the price of its "Nook" e-reader with wireless connectivity from $259 to $199, the latest salvo in an ongoing price war.
Thus when the currency falls, a one-off jump in import prices tends not to result in ongoing price-wage spirals.
The Walmart-owned chain has faced intense competition from Aldi, Lidl and a revived Tesco amid an ongoing price war between food retailers.
"This year should end on a bit of a high note, with more visits that week, and sales up versus last year despite the ongoing price deflation," he said.
The UK's largest supermarket group has experienced an upturn in sales amid the ongoing price war but the outlook for profits remains gloomy.
Discovery Quay, Cardiff Bay: The Doctor Who Experience Runs: Ongoing Price: Students, 20 per cent off tickets at the box office, otherwise £13 online This had to be included.
The peg for the story, obviously, is the ongoing price war between Wal-Mart and Amazon (with Target as a co-belligerent) in the online book market, which you can read about here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com