Norbolsa | The National Markets and Competition Commission (CNMC) frees Telefónica from having to notify the launch of new products or promotions before going to market, which will allow the company greater flexibility in its commercial fibre offer. This is because following the ORA-MAS merger and the operator’s shrinking market share in Spain is causing the CNMC to relax its requirements on the operator. The current methodology of the replicability…

Alphavalue / Divacons | Telefónica and Nokia have signed a three-year strategic agreement to accelerate the development and deployment of private 5G networks in Spanish companies, the operator led by José María Álvarez-Pallete said in a statement. According to Telefónica, the aim of this agreement is to help industry evolve to a 4.0 model and accelerate the digital transformation of companies “in a simple and agile way”. This alliance for…

Bankinter | Telefónica (TEF) has beaten MasOrange and Vodafone in the government’s rural 5G plan called UNICO Redes Activas. It gets €298 million in subsidies to deploy 5G networks at 4,123 sites until February 2026. MasOrange gets €143 million for 1,948 sites and Vodafone €66 million for 1,200 sites. The project will benefit more than 1.8 million inhabitants who will have access to 5G coverage. Grants for the programme come…

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…

Link Securities | Telefónica (TEF) informs that on 13 May 2024, the public deed for the reduction of share capital in the amount of €80,296,591, through the redemption of 80,296,591 treasury shares, was registered at the Madrid Mercantile Registry. As a result, the share capital of the company has been set at €5,670,161,554, divided into 5,670,161,554 ordinary shares of €1 par value each, which confer a total of 5,670,161,554 votes…

Norbolsa | Telefónica (TEF) is close to reaching an agreement with Digi for the renewal of the contract for the use of Telefónica’s mobile network by Digi, clearing one of the great uncertainties that the operator had, as the contract allows it to earn approximately €300 million per year. The final signature is expected in the coming weeks.

Telefónica today presented its results for the first quarter of 2024, a period in which it reported net incomeof €532 million, 78.9% higher year-on-year. In this first quarter of the implementation of the GPS (Growth, Profitability and Sustainability) plan. Telefónica increases its revenues to €10,140 million (up 0,9% versus 1Q23). The company accelerates EBITDA growth to 1.9%, up to €3,205 million. The Group confirms targets for 2024: revenue growth of…