Telefónica

Relevant News Item 22nd May 2025

Telefónica sells all shares in Telefónica Móviles del Uruguay to Millicom for €389 million

Link Securities | On Wednesday Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica (TEF), reached an agreement for the sale to Millicom Spain, S.L. of all the shares it holds in Telefónica Móviles del Uruguay S.A., representing 100% of its share capital. The transaction amount (firm value) for this company is $440 million (around €389 million at the current exchange rate), and the corresponding price is subject to the…

European economy 13th May 2025

Telefónica announces agreement to create telecommunications services company for UK businesses

Renta 4 | Telefónica has announced an agreement to create a business services company in the United Kingdom. Virgin Media O2 UK, Telefónica’s 50% joint venture in the United Kingdom, has announced the creation of a company to provide telecommunications services to businesses (B2B) in combination with Daisy Group. Virgin Media O2 UK will control 70% and Daisy Group the remaining 30%. The Chairman will be Matthew Riley, founder of…

In the World 14th April 2025

Telefónica sells 99.3% of Telefónica Perú – in bankruptcy proceedings – for €900,000

Renta 4 | Telefónica HispAm, 100% owned by Telefónica, has sold the 99.3% stake it held in Telefónica del Perú to Integra Tec International. Furthermore, and as part of the agreement, Telefónica HispAm has sold to Integra the tax credits of up to €39 million that the former granted to Telefónica del Perú in February due to its financial restructuring. The sale price of its stake and the credits is…

World economy 13th March 2025

Telefónica sells Colombian subsidiary to Millicom for $400 million

Telefónica has agreed with Millicom to sell all the shares it holds in Colombia Telecomunicaciones, representing 67.5% of its share capital, for approximately $400 million, as reported by the company to the CNMV. This represents an equity value of more than seven times EBITDA and the deconsolidation of debt of nearly €1.2 billion. “This operation is part of the asset portfolio management policy of the Telefónica Group and is aligned…

In Spain 4th March 2025

Telefónica president calls on EU to modify regulations to ‘consolidate and grow’

The executive chairman of Telefónica, Marc Murtra, emphasized on Monday in Barcelona, during his participation in the opening session of the Mobile World Congress (MWC), the need for Europe to allow consolidation in the European telecommunications sector so that operators can gain size and strengthen their technological potential. “We must be aware that the excessive fragmentation of European TMTs, excessive regulation, and insufficient profitability in the sector have hindered Europe,…

In the World 3rd March 2025

Milei threatens to block sale of Telefónica to Telecom to prevent creation of monopoly

Link Securities | The president of Argentina, Javier Milei, has threatened to block the sale of Telefónica (TEF) in the country to Telecom, considering that it would create a monopoly formed thanks to decades of state benefits, according to Bolsamania.com. Depending on the versions circulating about the potential acquisition of Telefónica by Telecom, of the Clarín Group, the National Communications Agency (ENACOM) and the National Commission for the Defence of…

In the World 4th February 2025

Telefonica Brazil proposes two-step, six-month split to reduce operating and administrative costs

Link Securities | Telefonica’s Brazilian subsidiary has initiated a process of grouping and then splitting its shares in order to reduce operating and administrative costs and be more efficient in distributing profits to the firm’s shareholders, digital portal Bolsamania.com reported on Friday. According to the company, which operates under the name Vivo, the move will be put to a vote at an extraordinary general meeting on 13 March. If approved,…

World economy 29th January 2025

Telefónica hires J.P. Morgan to study sale of HispAm subsidiary in Argentina

Renta 4 | Telefónica (TEF) has hired J.P. Morgan to study the sale of its subsidiary in Argentina, according to press reports. The potential buyers are local companies. MiliCom also stands out, to which Telefónica has already sold several Latin American subsidiaries and is in the process of selling the Colombian one. In addition, Telefónica Peru has sent a relevant fact in which it highlights that it is in talks…

Spanish economy 27th January 2025

STC now controls 9.97% of Telefónica and requests a seat on its Board of Directors

The Saudi group STC is now the owner of 9.97% of Telefónica’s share capital and will engage in discussions with the operator to obtain a seat on the Board of Directors, according to a communication sent by its investment vehicle Luxco to the U.S. Securities and Exchange Commission (SEC). The STC group, which previously held 4.9% of Telefónica directly, received authorization from the Spanish government last November to control up…

Spanish economy 25th January 2025

Telefónica completes elimination of Huawei technology from 5G core in Spain by awarding this to Nokia

Norbolsa | Telefónica España has awarded the second phase of the replacement of the core of its 5G network to the Finnish company Nokia. With this award, and after awarding another part to Ericsson in 2021, it has completed the elimination of Huawei technology from its 5G core. This change is part of a strategy of supplier diversification, as well as the withdrawal of Chinese technology. The core network is…

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