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Saudi Telecom must inform Defence about its Telefónica plans

Norbolsa| Saudi Telecom will have to inform Defence about its plans in Telefónica (TEF) if it wants to obtain the government’s permission. In this regard, the Ministry of Defence updated on 1 September the information requirements it requests from foreign investors who buy more than 5% in companies linked to the Spanish Armed Forces, which is the case of Telefónica, for its communication and technology services to the Army.


Saudi Telecom becomes Telefónica’s largest shareholder after buying 9.9% stake for €2.1 billion

STC Group, the leading Saudi Arabian investor, has acquired a 9.9% stake in Telefónica for a total of 2.1 billion euros, it said in a statement on Tuesday. The first telecommunications company in Saudi Arabia has stated that it has no intention of “taking control” of the company headed by José María Álvarez-Pallete, among other reasons because it requires the cooperation of the Spanish government to do so. The dividend…

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Telefónica installs first commercial 5G node in 26 GHz band in Valencia

Link | The company has installed the first 5G node in the 26 gigahertz (GHz) band, the third portion of spectrum that has been reserved in Spain and Europe for the new technology, Expansión newspaper reports today. The node, located in Valencia, is an important milestone, as it is the first commercial node of the technology to be installed.

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Telefónica secures growth targets in Germany despite 1&1 and Vodafone deal

Norbolsa | Telefónica (TEF) secures growth targets in Germany despite the 1&1 and Vodafone agreement. Telefónica reported that operator 1&1 has contractual obligations until 2025, regardless of Vodafone’s announcement to cooperate on German national roaming. Telefónica confirmed that thanks to the momentum of its new O2 brand, it expects to grow in line with targets, highlighting volume growth in all its divisions

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Telefónica awarded Champions League and Europa League media rights for next three seasons at €320m per season

Telefónica has been awarded the exclusive audiovisual rights for the UEFA Champions League and UEFA Europa League for the next three seasons for €320 million/season in Spain. The company has also been awarded the rights to the UEFA Youth League and the UEFA Europa Conference League. The contract with UEFA will be formalised shortly. Assessment: The acquisition of this content strengthens the group’s content offering, including all football rights in…

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Telefónica earns €462 million in June, up 44.5%

The company reported revenues of €462 million in the last three months, an increase of 44.5% compared to the same period in 2022. In this period, revenues rose by 0.9% to €10,133 million. However, in the second half of the year as a whole, the company recorded €760 million, 25.9% less than the €1,026 million in 2022, due to the €200 million of capital gains from the sale of the…

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Telefónica joins forces with Celo Foundation to promote open-source blockchain ecosystem

Alphavalue / Divacons | The Spanish telecom has teamed up with the US-based Celo Foundation, which also entails its alliance with the Celo Alliance for Prosperity, which promotes the open-source blockchain-block ecosystem, Celo, and contributes to the decentralisation of the network, it said in a press release yesterday. Telefónica will play a key role in validating transactions, ensuring network consensus, helping stability and maintaining the security of the Celo blockchain.

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Telefónica wins €73m in UNICO programme funding to deploy 5G in municipalities with fewer than 5,000 inhabitants

Renta 4 | The company has been awarded €73 million in aid from the UNICO programme for the deployment of 5G in municipalities with fewer than 5,000 inhabitants. The main winners were Lyntia Networks and Avatel Telecom, with €142 million and €132 million, respectively. Adamo will receive more than €82 million and Telefónica will receive €73 million. The rest of the aid is divided between Totem (Orange towers) with €9…

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Telefónica and Microsoft to jointly deliver solutions to evolve voice technologies

Alphavalue/DIVACONS| Spanish telecom company Telefónica and Microsoft will jointly offer companies of all sizes and linked to any type of activity solutions to “evolve” voice technologies by integrating them into a cloud environment in which communications and collaborative applications are solved, the two companies said in a statement yesterday. The services have been deployed around the Microsoft Teams Phone voice platform and allow employees to connect and work collaboratively from…


Telefónica turns 99 and announces closure of all copper exchanges

On 19 April 2024, exactly one year from now and on the date on which Telefónica will celebrate its first century of life, a network reconversion will have been achieved that will include the closure of a total of 8,532 copper exchanges (5,203 closures already communicated to which 3,329 will now be added). Thus, on the company’s 100th anniversary, the copper switch-off will be effective for all retail customers, who…