Telefónica

Telefonica novisima

Telefónica beats MasOrange and Vodafone in rural 5G bid to receive €298 million in subsidies

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…


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Telefónica Brasil negotiating to buy Brazilian operator Desktop

Telefónica Brasil, a subsidiary of TEF, confirmed on Wednesday that it is “in talks” to buy Brazilian operator Desktop, although at the moment there is no definitive decision or formalisation of a deal. The company has assured that it is constantly analysing market opportunities and investments aligned with its strategy and has committed to keep its shareholders duly informed of any move. For its part, Desktop has reiterated that at…


Telefonica novisima

Telefónica pacts with Masorange and Vodafone to share frequencies in upcoming 5G rollout in rural areas and small towns

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…


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SEPI takes stake in Telefónica to over 9% from 8% previously

Banco Sabadell: The State Industrial Ownership Corporation (SEPI) has informed the National Securities Market Commission (CNMV) that on May 15th it reached a stake of more than 9% in the capital of Telefónica (from the previous 8%). We recall that SEPI’s objective is to reach 10% of TEF’s capital. Assessment: Positive news with limited impact, in fact now that SEPI has almost achieved its objective, the share will lose this…


Telefonica central

SEPI continues acquisition and passes 8% threshold in Telefónica’s share capital

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…



Telefonica

Telefónica’s net income reaches €532m in 1Q24, up 79%

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…


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Telefónica controls 96.85% of Telefónica Deutschland, now delisted on Frankfurt Stock Exchange

Telefónica, through Telefónica Local Services GmbH, announced on Tuesday that it owns 96.85% of the shares of Telefónica Deutschland, following the completion on April 18, 2024 of the tender offer for the public tender offer for the acquisition of Telefónica Deutschland, announced on March 7, 2024. The total number of shares acquired amounts to 74,338,954 shares, representing approximately 2.5% of the share capital and voting rights of Telefónica Deutschland, for…


Telefónica

Government now controls more than 5% of Telefónica

The Sociedad Estatal de Participaciones Industriales (SEPI) has informed the National Securities Market (CNMV) that its stake in Telefónica’s share capital has now reached 5%, half of the established target. SEPI thus complies with the Council of Ministers’ agreement ordering the purchase of Telefónica shares up to 10%, “minimising the impact on the share price and complying with the notifications of significant shareholdings established in the regulations”, the public holding…


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Criteria becomes Telefónica’s largest shareholder with 5% of share capital

CriteriaCaixa has become Telefónica’s largest shareholder, with exactly 5.007% of the capital, up from 2.69% at the end of March. This stake, increased by 2.31% through market purchases and financial instruments and with a market value of €527 million – at Monday’s price (€3.97) – puts the industrial group one at hundredth more than Saudi Telecom (4.99%). BBVA holds 4.86% of the teleco’s shares, compared with 4.5% for BlackRock and…