Telefónica


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Telefónica Ventures starts investing in Spain joined by La Caixa

MADRID | Telefónica Ventures and Caixa Capital TIC, a specialised digital technology fund of La Caixa, announced Tuesday its first investment. The joint platform will inject €3 million in addFleet, a company specialised in intelligent systems for transportation. The investment in addFleet is the first by Telefónica Ventures in Spain after having completed similar operations in other international technology companies such as Quantenna, Joyent and Boku. Telefónica and La Caixa said the plan is to promote the…


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Samsung joins Telefonica in hunt for multinational customers

MADRID | Telefonica Global Solutions and Samsung begin Wednesday a partnership agreement to support enhanced end to end service delivery to multinational customers globally. The agreement, the Spanish company said, leverages the core competences and leading market positions of both Telefonica, in global digital and communication services and Samsung, in electronics and cutting edge technology, to bring to the multinational market a differential partnership designed to deliver innovative new services. The agreement sets how Telefonica and Samsung will from today…


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Telefónica’s dividend back to orthodoxy

MADRID | There will be no dividend from Telefónica over the next fifteen months. The decision is not surprising but consistent with the situation. Yet, it has a devastating effect on many investors the company had promised to pay 77 cents in December as a second dividend in the year, and again in May. The company will now retain its full profits within the 2012 balance sheet (€4-€5 billion) to reduce…


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Seven world mobile operators join alliance against fragmented M2M market

MADRID | A total of seven world mobile operators, KPN, NTT DOCOMO, INC., Rogers, SingTel, Spain's Telefónica through its Telefónica Digital unit, Telstra and Vimpelcom have entered into an alliance to initiate collaboration with respect to their machine to machine or M2M businesses. According to their public announcement, “the important scale resulting from the cooperation of this group of operators will be of the utmost importance in addressing the complex and fragmented nature of M2M market.” More specifically, the alliance covers technological cooperation to enable…


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Telefónica trims down net financial debt by €1.45 billion with Colombia merger

MADRID | Telefónica reported Monday to the Spanish financial regulator CNMV about the final completion of the merger process of Telefónica Móviles Colombia and Colombia Telecomunicaciones. The joint society will be owned by the Spanish company, which retains a 70 percent participation, and the Colombian State, with the remaining 30 percent. Telefónica explained that at the end of the second quarter of this year, this deal would cut its consolidated…


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Telefónica, Vodafone to jointly operate a single network grid in the UK

my ex girlfriend is in a relationship MADRID/LONDON | Telefónica UK and Vodafone UK on Thursday announced plans to strengthen their existing network partnership, by pooling the basic parts of their network infrastructure to create one national grid running each operator’s independent spectrum. The project will create two competing networks offering indoor 2G and 3G coverage targeting 98% of the UK population by 2017, mobile coverage and mobile internet services to…


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Spain’s recovery is on its way, Telefónica’s chairman assures investors

By Julia Pastor, in Madrid | Telefónica’s president César Alierta devoted his speech during the company’s general shareholder meeting to claim that markets are not considering the company’s growth potential, as well as to defend that Spain is “a very solvent country.” According to the data gathered by Link analysts, Alierta stressed Telefónica’s high dividend yield, which at current prices will be of 13,3% in 2012. In Alerta’s opinion, it…


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Group Telefónica would offload more than 50pc of its workforce with Atento sale

MADRID | Telefónica will attempt for the second time since last May the sale of its call centre services Atento. According to El Confidencial, the company has hired Morgan Stanley and HSBC to organise the operation, which last year failed to get enough demand in a partial IPO. The Spanish multinational now aims to do this through an investor auction open to corporations in the industrial sector and private equity firms. Financial…


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Telecoms and Telefónica summit in Barcelona: HTML-5, 100mb LTE and Joyn

By Julia Pastor, in Madrid | 60,000 professionals and 1,500 companies from more than 200 countries (86 of the participating firms are Spanish) gather since Monday and for a further week in the Mobile World Congress MWC held in Barcelona. It is the seventh meeting edition hosted by the Spanish city, and the first one since Barcelona was awarded the title of Mobile World Capital last July, an honour that…