Markets

redeia fachada

CNMC asks Red Eléctrica to submit grid access capacity map before 20 February

Link Securities | The National Commission on Markets and Competition (CNMC) has given Red Eléctrica (REE), a subsidiary of Redeia (RED), until Friday 20 February to submit the so-called ‘map of electricity transmission network access capacity’, according to Expansión newspaper. In other words, the high-voltage network operator in Spain must detail which nodes are available to connect new electricity consumers, such as data centres. The CNMC is thus putting pressure…

Read More

telefonica edificio

Telefónica given regulatory approval for sale of Telefónica Uruguay for €373 million

Renta 4 | The regulatory authorities in Uruguay have approved the acquisition of Telefónica Uruguay by Millicom. Telefónica Hispanoamérica S.A., a wholly owned subsidiary of Telefónica, reached an agreement in June with Millicom Spain S.L. to sell its 100% stake in Telefónica Uruguay. The agreed price was $440 million (approximately €373 million). Assessment: This news was expected given that Millicom was not present in Uruguay. This transaction confirms the divestment…