Fernando Barciela |At first sight, Telefonica’s third quarter and nine months to September results couldn’t be better. Between January and September, the company posted a 12% rise in consolidated revenues to 35.4 billion euros. Net income increased by a spectacular 69.6% to 46 billion euros in the same period.
MADRID | June 15, 2015 | By Fernando González Urbaneja| Telefonica’s chairman confirmed the firm’s dividend strategy for the next two years at its recent AGM, subject only to the sale of its UK subsidiary O2.
MADRID | May 19, 2015 | By Fernando G. Urbaneja | Telefonica’s first quarter results show a company which has reorganised over the last year, consolidating positions in its core markets of Europe and Latin America, where three benchmark countries Spain, Brazil and Germany account for two thirds of group income. It has a somewhat uneven presence in another 8 American countries, ranging from Mexico (4% of the business, without being market leader) to Argentina (9% of the business and market leadership).
The Corner | May 14, 2015 | Europe’s second-largest phone company reported a Q1 net profit of €1.8 billion ($2.04 billion), versus a year-ago profit of €688 million. EPS climbed to 0.38 euro from 0.14 euro, while EPS from continuing operations slipped to 0.09 euro from 0.12 euro.
MADRID | April 13, 2015 | Fernando G. Urbaneja | This month Telefónica will complete two capital increases of both the parent company and its Brazilian subsidiary, seen as necessary steps in the reconfiguration of the company following its exit from some markets (Italy and UK) and consolidation in others (Brazil and Germany).
The Corner | March 27, 2015 | The sale by Telefónica of O2 UK will allow the company to focus attention on its growing operation in Germany. Telefonica will now go toe-to-toe with Vodafone and Deutsche Telecom, as the three mobile giants vie for supremacy in the eurozone’s largest economy.
MADRID | February 26, 2015 | By Francisco López | Small savers are penalised most heavily by zero-interest rate policies and what they appreciate most at the moment is good profitability through dividend payment. Stock market experts recommend betting on solid companies that pay high dividends to shareholders, and Telefonica certainly falls into that bracket. The company’s 2014 results showed a 34% drop in profit, but the tech giant has committed to sustainable and increased dividend payments in the future.
MADRID | The Corner | February 25, 2015 | Spanish telecom giant Telefonica reported a drop of 34.7% in net profit, although investors celebrated revenue picture brightening up. Elsewhere, the Spanish Producer Price Index falls again, registering a drop of 2.8% for January.
MADRID, February 20, 2015 | By Fernando G Urbaneja | The Government and Spanish companies are taking advantage of low interest rates as a means of reducing overall indebtedness.
MADRID | The Corner | Vivendi board has decided to enter into exclusive talks with Telefónica for the disposal of its Brazilian subsidiary company Global Village Telecom (GVT), preferring Telefónica’s bid over the Telecom Italia’s one. Telefónica will pay a total consideration of €7.45 bn, of which €4.66bn in cash and the remainder in newly issued shares of the combined Telefónica Brazil-GVT entity corresponding to a 12% economic interest.