Bankinter | For the purchase, VMO2, 50% owned by Telefónica, has created a fibre joint venture, Nexfibre, with InfraVia Capital. With three million households, Netomnia is the fourth largest broadband network in the United Kingdom. The combined network will cover eight million households with fibre and give VMO2 access to some 20 million installations, compared to the 30 million households covered by BT’s fibre subsidiary, Openreach (21 million with fibre…

Renta 4 | According to the FT, VMED O2 is preparing a bid alongside private equity fund InfraVía Capital to buy Netomnia, the fourth largest broadband operator in the United Kingdom. The bid is valued at around £2 billion (around €2.3 billion). Netomnia has a fibre network covering three million homes, which would be added to VMED O2’s Nextfibre network, bringing the total to around 21 million homes. This operation…

Link Securities | The company becomes Siemens’ (SIE-DE) first partner to provide 5G and IoT technology to industry through its Siemens Xcelerator initiative, a technology solutions platform that offers the world’s most advanced ecosystem of products, solutions and services for the industrial sector, with a special focus on infrastructure and logistics transport, according to the digital portal Bolsamania.com. Siemens Xcelerator is a technology platform that facilitates collaboration and drives open…

Link Securities | The Spanish company has begun converting its old Spanish telephone exchanges into small data centres located close to its customers, much closer than conventional data centres, according to a report today in the newspaper elEconomista.es. Specifically, the telecommunications company plans to distribute a hundred of these facilities throughout the country within five years. The business opportunity is expected to be a success for Telefónica, as all the…

Banco Sabadell | According to industry sources, the content of the Digital Network Act proposal presented last week by the EC has disappointed the main operators. Specifically, they have expressed their disappointment at the lack of strong measures to facilitate mergers and consolidation, which was one of the sector’s most pressing demands. Assessment: Negative news (last week there was news to the contrary), with limited impact, as the EC’s proposal…

Link Securities | Telefónica (TEF) has begun initial official talks to acquire Vodafone Spain. To do so, it will have to convince the Zegona investment fund, which bought the British telecommunications group’s business in the domestic market, according to a report on Wednesday by Vozpopuli.com. Reliable sources have confirmed to this newspaper that the talks took place a few weeks ago and that it was Telefónica that took the first…

Link Securities | Telefónica (TEF) signed an agreement with OpenAI on Tuesday to offer ChatGPT Plus to Movistar customers, according to the newspaper Expansión. Starting on 13 January, Movistar customers can access ChatGPT Plus, one of the most advanced AI assistant subscriptions on the market, designed for continuous conversation, content creation and assistance with everyday tasks, for six months at no additional cost and with no commitment to stay. With…

Link Securities | The telecommunications company has opened the application period for voluntary redundancy under the redundancy plan (ERE) it has launched at Movistar+, which affects 175 employees, from today, Wednesday, until 6 February, in accordance with the schedule agreed with the trade unions. The figure is significantly lower than the 279 redundancies initially proposed by Telefónica, which represented around 32% of the workforce, comprising some 860 employees.

Link Securities | Telefónica Deutschland (O2 Telefónica Germany, a subsidiary of Telefónica (TEF), has embarked on an internal strategic transformation process with the aim of becoming an AI First company, according to the newspaper elEconomista. This new slogan, which places artificial intelligence (AI) at the centre of the telecommunications company’s future technological developments, will shape the German subsidiary’s destiny in its search for efficiencies and new sources of revenue over…