Telefónica

Telefonica Prosegur

Renta 4 values Telxius, submarine cable owned by Telefónica and Pontegadea, at 10 times 2025 EBITDA

Both partners have asked JP Morgan and Guggenheim to find a buyer for a business that the market values at around €1,200 million. This figure implies a multiple below the double-digit levels paid for other telecoms infrastructure assets. The discount is thought to stem from exposure to Latin America. Report by Renta 4 Telefónica and Pontegadea are reported to have begun the process of exploring the sale of the submarine…


Telefonica Prosegur

Telefónica board approves 2026–30 Sustainability Plan to achieve net-zero emissions by 2040

Reported by the Consejeros Editorial Team Telefónica has launched its 2026–2030 Global Sustainability Plan, which aims to support growth, improve operational efficiency, strengthen risk management and generate value for society. This plan forms part of Telefónica’s business strategy and is part of the ‘Transform & Grow’ strategic plan. Telefónica aims to achieve net-zero emissions by 2040 and has raised its climate ambition with specific targets that reinforce its commitment to…


Telefonica novisima

BBVA reduces stake in Telefónica from 5% to 1.9%, no longer significant shareholder

Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC. By Bankinter BBVA has reduced its stake in Telefónica to 1.965%, down from the 5.007% it previously held, following its departure from the board in March this year. Telefónica’s shareholder structure continues to be led by SEPI, CriteriaCaixa and the Saudi telecoms firm STC, each holding practically 10% of the capital. Bankinter analysis team’s…


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Telefónica issues bonds in Australia worth A$700 million

Divacons reports The Spanish telecoms company officially notified the Spanish National Securities Market Commission (CNMV) of a bond issue on the Australian capital market worth A$700 million. The issue, carried out through its subsidiary Telefónica Emisiones, is divided into two main tranches placed at par. The first tranche amounts to AU$300 million with an annual coupon of 5.962% and a maturity date set for 30 June 2032. The second tranche,…


telefonica edificio

Telefónica acquires LineoX from Asterion Industrial Partners fund for €90 million

Report by Renta 4 Telefónica (TEF) has reached an agreement to acquire LineoX from the Asterion Industrial Partners fund. LineoX is one of Spain’s leading rural radio link operators and provides critical infrastructure for mobile connectivity. Telefónica sold LineoX to Asterion in 2020 through a carve-out transaction. Since then, Asterion has been developing LineoX independently, with Telefónica as its anchor client. The transaction value is estimated to be around €90…


telefonica edificio

Telefónica posts €411 million loss due to divestments in Latin America but increases revenue, improves EBITDA and reduces debt

The company has reported a loss of €411 million against a backdrop marked by recent divestments in Latin America, which have resulted in a €798 million reduction in profit. Despite this, revenue and EBITDA remain on an upward trend and debt is falling, with a net debt/EBITDA ratio of 2.72x (versus 2.8x in 2025). Reported by Consejeros Editorial Team Telefónica (TEF) recorded a net loss of €411 million in the…


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Telefónica unveils new drone operation solution based on remote rather than physical piloting

Alphavalue/ Divacons | The Spanish telecoms firm has launched a commercial service aimed at businesses and public authorities from its new T_Space facility, staffed by specialists in remote drone piloting. With this initiative, Telefónica is introducing a solution that transforms the traditional model of drone operation—which until now required pilots to travel physically to each mission, apply for specific permits and carry out preliminary assessments of the environment, all of…


CIBERSEGURIDAD

Indra and Telefónica explore creation of cybersecurity consortium to bid for major defence contracts in Spain

Norbolsa | Both companies are considering a potential strategic alliance in cybersecurity, cyber defence and artificial intelligence to bid for major defence contracts in Spain, following the example of Tess Defence. This would enable them to bid jointly for future contracts worth over €1 billion. The model would consist of a consortium open to further partners and backed by the government, and would seek to create a sovereign technology platform…


Telefonica

Telefónica sells Mexican subsidiary for €389 million

Telefónica has sold its entire stake in Telefónica México to the Melisa Acquisition consortium—comprised of Oxio and Newfoundland Capital Management—for an amount of $450 million US (approximately €389 million), as reported late Tuesday to the National Securities Market Commission (CNMV). The transaction is being carried out through Telefónica Hispanoamérica, a company 100% owned by the group, and includes the sale of 100% of the capital of the companies Pegaso PCS…


Telefonica dos

Norway’s sovereign wealth fund and Californian pension funds, Calpers and Calstrs, oppose Telefónica’s remuneration package for 2025

Alphavalue/ Divacons | Norway’s sovereign wealth fund (NBIM) has announced that it will vote against Telefónica’s remuneration report at the shareholders’ meeting on 26 March. Major Californian pension funds, Calpers and Calstrs, have joined this stance and also reject the remuneration for the previous financial year. The opposition from these institutional investors centres on the final payments of €44 million to former chairman José María Álvarez-Pallete and €33 million to…