Telefónica

Companies 12th August 2025

AXA, likely winner of process to acquire stake in Fiberpass, Telefónica and Vodafone Spain’s fibre optic wholesale company

Link Securities | French insurance company AXA appears to be the likely winner of the process to acquire a stake in Fiberpass, the fibre optic wholesale company created by Telefónica (TEF) and Vodafone Spain, according to Expansión. AXA Investment Management is in advanced negotiations to take a significant minority stake in Fiberpass, a joint venture between Telefónica and Vodafone Spain to offer wholesale fibre optic broadband connectivity services, i.e. what…

Companies, Relevant News Item 5th August 2025

CNMC liberalises 100% of broadband market: Telefónica will have to continue renting physical infrastructure

Banc Sabadell | The National Markets and Competition Commission (CNMC) has liberalised 100% of the broadband market, a decision that will come into force in February 2026. The CNMC believes that with the rollout of fibre by telephone companies and the creation of Masorange, Telefónica (TEF) can no longer be considered to have a dominant position. The last market review was carried out in 2021, increasing liberalisation to 70% of…

European economy 1st July 2025

Telefónica: Virgin Media O2 UK acquires 78.8 MHz of spectrum from Vodafone in UK for approximately €400 million

Renta 4 | VMO2 UK, Telefónica’s 50% subsidiary in the United Kingdom, has invested £343 million, approximately €400 million, to purchase 78.8 MHz of spectrum from Vodafone. This purchase is part of the conditions imposed by Ofcom, the British telecommunications regulator, on Vodafone for the acquisition of Three UK. Under this agreement, the three British operators, VMO2, Vodafone and British Telecom, will each have a third of the UK’s mobile…

In Europe 13th June 2025

Telefónica commits to concrete investment in relevant digital infrastructure to convince EC to approve telecoms mergers

Link Securities | The company is willing to invest in data centres and cybersecurity services to convince European regulators to approve telecoms mergers, as the Spanish company aims to lead consolidation on the continent, Expansión newspaper reported yesterday. The group hopes its commitment to make concrete investments in major digital infrastructure will help convince the European Commission (EC) that fewer and larger telecoms operators would increase the bloc’s technological resilience,…

European economy 10th June 2025

Telefónica hires financial advisor to assess potential acquisitions in Europe

Bankinter | Telefónica is hiring a financial advisor to evaluate possible acquisitions in Europe. One of the companies being considered is Vodafone Spain. Bankinter analysis team’s view: The operation could be interesting to reduce the competitive intensity in Spain, where the market would be dominated by three operators instead of four, but its execution would be complex and would take time. Telefónica would have to assess well the synergies and…

Spanish economy 22nd May 2025

Telefónica sells all shares in Telefónica Móviles del Uruguay to Millicom for €389 million

Link Securities | On Wednesday Telefónica Hispanoamérica, S.A., a wholly owned subsidiary of Telefónica (TEF), reached an agreement for the sale to Millicom Spain, S.L. of all the shares it holds in Telefónica Móviles del Uruguay S.A., representing 100% of its share capital. The transaction amount (firm value) for this company is $440 million (around €389 million at the current exchange rate), and the corresponding price is subject to the…

European economy 13th May 2025

Telefónica announces agreement to create telecommunications services company for UK businesses

Renta 4 | Telefónica has announced an agreement to create a business services company in the United Kingdom. Virgin Media O2 UK, Telefónica’s 50% joint venture in the United Kingdom, has announced the creation of a company to provide telecommunications services to businesses (B2B) in combination with Daisy Group. Virgin Media O2 UK will control 70% and Daisy Group the remaining 30%. The Chairman will be Matthew Riley, founder of…

In the World 14th April 2025

Telefónica sells 99.3% of Telefónica Perú – in bankruptcy proceedings – for €900,000

Renta 4 | Telefónica HispAm, 100% owned by Telefónica, has sold the 99.3% stake it held in Telefónica del Perú to Integra Tec International. Furthermore, and as part of the agreement, Telefónica HispAm has sold to Integra the tax credits of up to €39 million that the former granted to Telefónica del Perú in February due to its financial restructuring. The sale price of its stake and the credits is…

World economy 13th March 2025

Telefónica sells Colombian subsidiary to Millicom for $400 million

Telefónica has agreed with Millicom to sell all the shares it holds in Colombia Telecomunicaciones, representing 67.5% of its share capital, for approximately $400 million, as reported by the company to the CNMV. This represents an equity value of more than seven times EBITDA and the deconsolidation of debt of nearly €1.2 billion. “This operation is part of the asset portfolio management policy of the Telefónica Group and is aligned…

In Spain 4th March 2025

Telefónica president calls on EU to modify regulations to ‘consolidate and grow’

The executive chairman of Telefónica, Marc Murtra, emphasized on Monday in Barcelona, during his participation in the opening session of the Mobile World Congress (MWC), the need for Europe to allow consolidation in the European telecommunications sector so that operators can gain size and strengthen their technological potential. “We must be aware that the excessive fragmentation of European TMTs, excessive regulation, and insufficient profitability in the sector have hindered Europe,…

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