Telefónica

Telefonica Prosegur

Telefonica Brazil proposes two-step, six-month split to reduce operating and administrative costs

Link Securities | Telefonica’s Brazilian subsidiary has initiated a process of grouping and then splitting its shares in order to reduce operating and administrative costs and be more efficient in distributing profits to the firm’s shareholders, digital portal Bolsamania.com reported on Friday. According to the company, which operates under the name Vivo, the move will be put to a vote at an extraordinary general meeting on 13 March. If approved,…


telefonica edificio

Telefónica hires J.P. Morgan to study sale of HispAm subsidiary in Argentina

Renta 4 | Telefónica (TEF) has hired J.P. Morgan to study the sale of its subsidiary in Argentina, according to press reports. The potential buyers are local companies. MiliCom also stands out, to which Telefónica has already sold several Latin American subsidiaries and is in the process of selling the Colombian one. In addition, Telefónica Peru has sent a relevant fact in which it highlights that it is in talks…


telefonica logo nuevo

STC now controls 9.97% of Telefónica and requests a seat on its Board of Directors

The Saudi group STC is now the owner of 9.97% of Telefónica’s share capital and will engage in discussions with the operator to obtain a seat on the Board of Directors, according to a communication sent by its investment vehicle Luxco to the U.S. Securities and Exchange Commission (SEC). The STC group, which previously held 4.9% of Telefónica directly, received authorization from the Spanish government last November to control up…


telefonica logo nuevo

Telefónica completes elimination of Huawei technology from 5G core in Spain by awarding this to Nokia

Norbolsa | Telefónica España has awarded the second phase of the replacement of the core of its 5G network to the Finnish company Nokia. With this award, and after awarding another part to Ericsson in 2021, it has completed the elimination of Huawei technology from its 5G core. This change is part of a strategy of supplier diversification, as well as the withdrawal of Chinese technology. The core network is…


telefonica edificio

Telefónica could take control of Indra technology subsidiary, Minsait, to create national telecoms and technology champion

Link Securities | The government, with the appointment of Marc Murtra as executive chairman of Telefónica, plans for the operator to take control of all or part of Indra’s technology subsidiary, Minsait, according to information from El Periodico reported by Bolsamania.com. With this major corporate move, the executive aims to create a national telecommunications and technology champion. At the same time, it would also enable Indra to gain weight in…


TelefonicaMarcmurtra

Government takes control of Telefónica

Last Saturday, in an extraordinary meeting, the board of directors of Telefónica accepted the resignation of Álvarez Pallete – agreed upon the day before at Moncloa – and the appointment of Marc Murtra, who was until then the president of Indra. Murtra had similarly ascended to the presidency of Indra after a government maneuver. Murtra, a man close to the PSC, finds himself with a company whose shares are trading…


Telefonica central

Telefónica begins sale of up to 40% of stake in British fiber for €1.2 billion

Telefónica has started distributing the sale documents for the fiber optic company it shares with Liberty Global in the UK through the operator Virgin Media O2 (VMO2). The company’s goal is to raise around €1.2 billion by placing between 20% and 40% of its infrastructure company. According to Mergermarket, the aforementioned Hispano-British NetCo could be valued between £4 billion and £5 billion (€4.8 billion and €6 billion), in a deal…


Telefonica novisima

Telefónica breaks pact with KKR and Entel Peru for breach of certain closing conditions

Renta 4 | Telefónica Perú entered into an agreement in July 2023 with KKR and Entel Perú to give both entities a 54% and 10% stake, respectively, in Pangea, the wholesale fibre company in Peru. Telefónica would retain the remaining 36%. The transaction was completed at around 20x EBITDA and was expected to reduce net financial debt by approximately €200 million. However, Telefónica Peru announced on Friday that due to…


Telefonica dos

Government authorizes Saudi STC to purchase 9.9% of Telefónica

The Council of Ministers has authorized Saudi Telecom (STC) to increase its stake in Telefónica from the current 4.9% to 9.97%. This was confirmed by the Minister of Economy, Trade, and Business, Carlos Cuerpo, at the subsequent press conference. Regarding whether the Saudi operator will request a seat on the Board of Directors of the listed Spanish company, the Minister stated that ‘that matter corresponds to the company itself.’ In…


Telefonica novisima

Telefónica España Filiales and Vodafone ONO create company to commercialise fibre optic network

Link Securities | Telefónica informed the Nattional Securities Market Commission (CNMV) that its subsidiary, S.A.U. has reached an agreement with Vodafone ONO, S.A.U. (Vodafone España) for the establishment of a joint venture company, whose main corporate purpose is the commercialisation of a fibre-to-the-home (FTTH) network for the benefit of its partners, Telefónica España and Vodafone España, so that they can in turn provide retail and wholesale broadband access services. The…