Amazon Web Services (AWS) will invest €15.7 billion to expand its three data centres in Huesca, El Burgo de Ebro and Villanueva de Gállego (Zaragoza), and add a new enclave in Zaragoza, which is expected to create 6,800 new jobs in the region. This is the largest technological investment made to date in Spain and southern Europe. According to the President of the Government of Aragon, Jorge Azcón, “the investment…
Banco Sabadell: According to press reports, Telefónica has reached an agreement with Masorange and Vodafone to share frequency spectrum for its mobile services in Spain. Specifically, the agreement allows them to use the 700 MHz band jointly in network deployments following the upcoming award of the Single Active Networks tender, which aims to extend 5G technology in rural areas and small towns. Assessment: Positive news with limited impact. The agreement…
Banca March: Spain’s trade deficit was reduced in March. The data published showed that in March the trade balance registered a deficit of €2,026.2 million. The non-energy component increased its surplus to €444.4 million. If we analyse the aggregate data for Q1, the trade deficit was the second smallest since Q3 2021. Meanwhile, Spanish exports of goods reached €93,430 million (the second highest value in the historical series for this…
Alphavalue / Divacons | The Cantabrian bank managed to overtake BNP Paribas as the bank with the largest capitalisation in the European Union, with a value of some €76.121 billion. The milestone came about because BNP Paribas’ share price on Tuesday discounted the dividend it will pay in the near future. When shares are quoted ex-dividend, there is always a downward adjustment in their value. Santander’s capitalisation on Tuesday stood…
Renta 4 | The State Indutrial Ownership Corporation (SEPI) has announced that it already reached its 10% target of Telefónica’s share capital. The State would have invested €2,284.8 million to build this stake. We recall that SEPI has been awarded a seat on the board, to be occupied by Carlos Ocaña Orbis. According to press reports, SEPI could have applied for a second seat, although under current regulations its shareholding…
Spanish exports of goods reached €93,429.5 million, down 9% in the first quarter of the year, with the trade deficit rising by 23.2% in the first quarter of the year compared to the same period in 2023, to reach €8,105 million, according to data published on Monday by the Ministry of Economy, Trade and Enterprise. The behaviour of the trade deficit is mainly due to the reduction of the non-energy…
Aurelio Medel (5Días) | Power manifests itself through the occupation of spaces and is exercised through the application of a programme. First the chairs, then the BOE (the Official Stare Gazette) . This is how the change of a country’s government is transmitted. Then the legislature advances and the viscous period comes in which the end of the cycle is glimpsed, causing the pieces to shift. This happened in the…
Link Securities | The Minister of Economy, Trade and Enterprise, Carlos Cuerpo, has admitted that BBVA may take ownership of Banco Sabadell, but not merge with it, Invertia.com reported on Friday. He also pointed out that “the merger is what the government has to authorise”. Cuerpo has remarked that the takeover bid by BBVA for SAB has to go through a process that includes the approval of the National Securities…
According to data from the Bank of Spain (BdE), Spanish public debt rose in 1Q2024 to 109% of GDP, 1.3 percentage points higher than at the end of 2023, while it set an all-time high at €1,613,063 million, 5.1% higher than in the same quarter of the previous year. Data published on Friday by the Spanish Central Bank (BdE) show that at the end of 1Q2024, the State’s debt amounted…
Banco Sabadell: The State Industrial Ownership Corporation (SEPI) has informed the National Securities Market Commission (CNMV) that on May 15th it reached a stake of more than 9% in the capital of Telefónica (from the previous 8%). We recall that SEPI’s objective is to reach 10% of TEF’s capital. Assessment: Positive news with limited impact, in fact now that SEPI has almost achieved its objective, the share will lose this…