Telefonica has reached an agreement with Vodafone which will allow the latter to access its fibre optic network both in non-regulated areas (the 66 most populated cities in which Telefonica is not obliged to share its infrastructure) as well as in a significant part of the regulated zones.
Articles by The Corner
The Ibex 35 companies ended 2016 with earnings of 34.1 billion euros, up 46.7% from a year earlier. This figure includes the results of Inditex, which on Wednesday reported a 10% rise in profits last year to 3.157 billion euros.
Fernando Rodriguez | Francisco García-Paramés is an asset manager who has made ‘Value Investing’ popular in Spain thanks to the good results obtained during the last 20 years. He is Spain’s Warren Buffet.
Caixabank has informed Deutsche Bank’s management team of its interest in the German bank’s Spanish subsidiary in the event of a sale. The approach was made in 2016, before Deutsche Bank reached an agreement with the US Department of Justice to reduce the fine for selling “subprime” mortgages to $7.2 billion
J. L. M. Campuzano (Spanish Banking Association) | The Fed raised rates yesterday, basically reducing the expansive nature of monetary policy. After listening to ECB board member Praet’s at a G20 meeting, it doesn’t look as if the ECB will raise rates quickly. But conditions could present themselves which favour a change in bias in monetary policy.
Daniel Stemler | According to Eurostat, the EU’s statistical office, the union is on track to meet its 2020 renewables target. Spain’s share of renewables in gross final consumption of energy is 16.2% share, so only 3.8% of its 20% target.
The Colombian government has finally decided to liquidate the electricity distributor Electricaribe, controlled by Gas Natural Fenosa. The company was intervened by the government last November, as a temporary preventitive measure.
Today the Dutch will hold parliamentary elections. The importance of the results in Holland has not so much to do with the eurosceptics’ access to the country’s government being blocked by the rest of the parties. But rather its interpretation as being key to the upcoming French elections, something which many analysts believe is erroneous.
The company is a great business that can raise €8bn to essentially hand over the proceeds to the US courts without destroying its market cap (c.-10% on the news). “Hats off then to Mr Cryan, the CEO of Deutsche Bank, for keeping the benefits of the doubt for more than a year into the job”, says Carax- Alphavalue’s analysts.
J.L Campuzano (Spanish Banking Association) | What is clear from ECB President Mario Draghi’s speech last Thursday is that investors consider we are closer than farther away from the start of monetary normalisation against a backdrop of economic optimism.