Top Stories

Telefonica debt

TEF

Spanish economy 4th November 2021

Telefónica Reports 9.335 Billion Euros Profit To September; Reduces Debt To 25 billion

Telefónica has reported a record profit of 9.335 billion euros in the year to September – in the third quarter, on a like-for-like basis, profit was 706 million. The 9-months’ figures include the extraordinary results from the divestment of Telxius (around 3.5 billion euros) and the joint venture with Virgin Media in the UK (another 3 billion). These operations have also enabled the company to cut its debt by 31%…

Telefonica's debt cutting

Relevant News Item 2nd June 2021

Telefónica Halves Its Debt To 26 Billion Euros

In 2011, Telefónica’s liabilities exceeded 56 billion euros. Today, however, after the latest operations (the merger agreement for its business in the United Kingdom, the sale of towers to American Tower…) it has cut its leverage by a further 8.4 billion euros and reduced it to less than half, at 26 billion. Although this amount is starting to become more manageable for the group, the most critical operators point out…

telefonica

Spanish economy 15th April 2021

O2 and Virgin Media Merger Puts £5.5 Billion In Telefónica’s Coffers

T.C. | The Competition and Markets Authority (CMA), the UK’s competition regulator, has provisionally cleared the merger of O2, Telefónica’s UK mobile subsidiary, and Virgin, the cable group controlled by US-based Liberty Global, into a company – 50% owned by the two partners – valued by the market at around 45 billion euros (more than £38 billion) and which will become, along with BT, the UK market leader. If BT has 46.3 million customers, the new company will have 46.5 million (32.6 million mobile, 5.3 million fixed broadband, 4.9 million fixed voice and 3.7 million pay TV).

Telefonica nubecillas

Ibex, Markets 10th June 2020

Telefónica Buys 10,100 Towers From Its German Subsidiary Through Its Telxius Infrastructure Arm; Cuts Debt By €500 M

Telxius, Telefónica’s infrastructure subsidiary, will carry out a capital increase of 1.5 billion euros to buy towers from Telefónica Deutschland. Telxius will finance 90% of the acquisition via a capital increase – which will be subscribed by current shareholders in proportion to their stake – as well as internally generated resources. The remaining 10% will be financed through incremental debt.

The possible consolidation of European telecoms drives the sector-and Telefonica-upwards

In Europe 28th November 2018

The Consolidation Of European Telecoms Drives The Sector-And Telefonica- Upwards

The European Commission authorise the merger in Holland between Tele2 and Deutsche Telekom without preconditions , which drove the European teleco sector yesterday. Until now the Commission had shown itself radically opposed to allowing corporate operations which imply a reduction from four to three in the number of operators in a country.

Telefónica Q1'18 results

Ibex, Markets 26th April 2018

Telefonica Q1’18 net up 7.4%; revenues hit by currency pressures

Telefonica posted a 7.4% rise in net profit in the first quarter of 2018 to 837 million euros from a year earlier. The figure beat FactSet’s analysts consensus for net profit of 800 million euros. But revenues fell 7.2% to 12.19 billion euros, as currency pressures offset improvements in the group’s home market.

Telefonica ever closer to selling its Central American subsidiary

Ibex, Markets 26th March 2018

Barclays Does Not Settle On Target Price For Telefonica

In three months, Barclays has cut its price target for Telefónica on four occasions, from 9,8 euros/share in December to 9 euros/share last time round, on March 19. That’s almost 10% lower. How can a company’s value change so much in such a short space of time?

The sale of Telefonica's share in 02 is unblocked

Ibex, Markets 16th February 2018

Telefonica’s O2 Share Sale Finally Unblocked

The UK Court of Appeal has dismissed a demand from Three which blocked the new frequencies auction (planned for Autumn 2017), in turn blocking Telefonica’s share sale of O2. This is positive news for Telefónica as it means that it eliminates a practical hurdle for the company to be able to carry out the O2 share sale in the UK, raising funds to cut its debt.