Telefónica

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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,…


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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…


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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…


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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…


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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…


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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…


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Telefónica completes Altim acquisition for around €30 million

Link Securities | Telefónica (TEF) has completed the acquisition of Altim, a consulting firm specialising in the customisation of SAP business software for clients, for a total valuation of around €30 million, according to Expansión. The acquired company, which is headquartered in Las Rozas (Madrid), is primarily engaged in the implementation of customised solutions for the business market based on the business management system of the German company SAP. The…


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Virgin Media O2 (owned by Telefónica and Liberty) in talks with VodafoneThree about use of broadband network in UK

Link Securities | Virgin Media O2 (VMO2), the telecommunications group controlled equally by Telefónica (TEF) and the US company Liberty, is in advanced talks with VodafoneThree regarding the use of its broadband network in the United Kingdom, according to a report in the newspaper Expansión on Monday. If the deal goes ahead, it would represent a major step forward in VMO2’s strategy to become the alternative to BT’s Openreach, according…


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Telefónica: after 15% drop since announcement of Strategic Plan in November, recommendation raised to Neutral (vs Sell) and target price maintained at €4

Bankinter | With the restructuring of the group well underway, following the sale of the Telefónica Hispam subsidiaries and staff reductions in Spain, the focus in 2026 is on the possibility of a corporate transaction. New European regulations introduced in January that will favour consolidation processes to promote greater scale, competitiveness and investment in infrastructure, and the existence of various alternatives, especially in Spain and Germany, increase the likelihood of…