Telefónica

Spanish economy 30th September 2021

Brazil Rewards Telefónica/Vivo And Large Operators In 5G Auction On 4 November

José Alves (Capital Madrid) | The big Brazilian operators – Telefónica’s Vivo, Telecom Italia’s Tim and América Móviles’ Claro – have plenty of reasons to celebrate the new deployment conditions Anatel, Brazil’s telecommunications regulator, has announced for the 5G auction on 4 November. It has not been easy due to the long and laborious preparation, which has required three and a half months of public consultation and eight months of…

Spanish economy 3rd September 2021

Telefónica Aims To Put The UK On A Par With Spain In Fiber Optic Installation

Last August, in an interview with the Times, Telefónica’s chairman, José María Álvarez-Pallete, urged the United Kingdom to follow Spain’s example in fiber optics so as not to miss out on the digital revolution. Pallete remarked that in Spain there is more fiber optic than in the UK, France, Germany and Portugal together, with a penetration of 70%, compared to only 3% in the UK. Yesterday it was learned that…

Spanish economy 23rd August 2021

Spain, The European Country With The Most Fibre Optics

Telefónica España, a subsidiary of Spanish telecommunications group Telefónica (TEF), shut down in 1H2021 a thousand copper telephone exchanges, whose service has been replaced with fibre optic lines. The Spanish operator began the process of “switching off” copper exchanges and replacing them with fibre exchanges in 2016 and aims to achieve the total shutdown of its copper network by 2024, coinciding with the company’s centenary. Telefónica Spain’s Chief Operating Officer,…

Spanish economy 24th June 2021

Telefónica Opens The Door To A 4-Day Working Week, With A 15% Pay Cut

Telefónica España and trade unions, UGT and CCOO, signed an agreement on Tuesday to extend their Collective Bargaining Agreement, which was due to end this year, until 31 December 2022. The extension includes a 1% wage increase and a bonus of 300 euros to be received in October 2022. The agreement will also serve to consolidate Telefónica España’s new ways of working, with two voluntary teleworking days a week for…

Relevant News Item 2nd June 2021

Telefónica Halves Its Debt To 26 Billion Euros

In 2011, Telefónica’s liabilities exceeded 56 billion euros. Today, however, after the latest operations (the merger agreement for its business in the United Kingdom, the sale of towers to American Tower…) it has cut its leverage by a further 8.4 billion euros and reduced it to less than half, at 26 billion. Although this amount is starting to become more manageable for the group, the most critical operators point out…

Spanish economy 13th May 2021

Telefónica Doubles Q1’21 Profit Despite A 9% Revenue Drop; Will Pay €0.2/Share In June

Telefonica presented today its results for the first quarter of the year: revenues fell by -9% to 10.34 billion, as did EBITDA, which fell to 3.417 billion (-9.1%), which did not prevent it from doubling net profit, which rose 116% to 886 million (FacSet analysts’ consensus expected 500 million in profit), representing a margin of 8.6% vs. the 3.6% margin in the first quarter of last year.

Spanish economy 15th April 2021

O2 and Virgin Media Merger Puts £5.5 Billion In Telefónica’s Coffers

T.C. | The Competition and Markets Authority (CMA), the UK’s competition regulator, has provisionally cleared the merger of O2, Telefónica’s UK mobile subsidiary, and Virgin, the cable group controlled by US-based Liberty Global, into a company – 50% owned by the two partners – valued by the market at around 45 billion euros (more than £38 billion) and which will become, along with BT, the UK market leader. If BT has 46.3 million customers, the new company will have 46.5 million (32.6 million mobile, 5.3 million fixed broadband, 4.9 million fixed voice and 3.7 million pay TV).

The sale of Telefonica's share in 02 is unblocked

Ibex, Markets 6th May 2020

Telefónica Would Rather Merge Its British Subsidiary With Liberty Global Than Go Public

The company acknowledges that it is in the process of negotiating with Liberty Global for a possible integration of its assets in the UK, but there is no guarantee this will be successful or that the final terms will be met. Liberty Global offers pay television, broadband and telephony services in the UK through the Virgin Media brand. In addition, it has a mobile virtual operator or MVNO based on British Telecom’s network that expires at the end of 2021 (which would have already negotiated a switch to Vodafone).

Ibex, Markets 26th February 2020

Telefonica Strengthens Its Collaboration With Microsoft; Microsoft Will Open A Data Centre In Spain

Microsoft and Telefónica have agreed to expand their global strategic collaboration to accelerate their customers’ digital transformation. As part of this collaboration, the US company will open a Data Centre in Spain that will take advantage of Telefónica’s infrastructure, which in turn will accelerate the use of Microsoft’s cloud internally.

Ibex 14th February 2020

America Movil Is Considering The Purchase Of Telefonica HispAm

Banc Sabadell | America Movil would be open to explore options to buy Telefonica’s (TEF) assets in Latin America, according to statements from its CEO and CFO that have appeared in the press. It is worth mentioning that it was already leaked that Telefonica had hired several investment banks to try to accelerate the sale of its subsidiary HispAm to before June 2020. The idea would be to sell a…

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