Telefónica

Markets 5th May 2014

Today’s market chatter: time to invest in Spanish real estate and much more

MADRID | By Jaime Santisteban | Feel like investing in Spanish real estate? It’s apparently the time, according to Bankinter analysts, as European prices continue their upwards trend, financing costs are low and we see price recovery signs in big cities like Madrid and Barcelona. They suggest direct investment assets with a horizon beyond 3-5 years. Also, the EU announced on Monday that the Eurozone’s GDP will grow by 1.2% this year and by 1.7% in 2015. As for Spain, Brussels is less optimistic than the Spanish government in its forecast.

Markets 4th April 2014

Roaming fares and air traffic capture Friday’s market chatter

MADRID | By Jaime Santisteban | European Parliament could eliminate roaming mobile phones rates as of December 2015. Although they’ve been reduced in the last years, it still means 2 % of Telefónica Group income. ACF foresees an impact worth 4 % in the company’s EBITDA.

IAG released March air traffic figures which were under target but keep the recent trend. Demand grows (+10.2 % vs March 2013) for the second straight months. Iberia lost -5.1 % compared to February whereas Vueling (+21%) and British Airways (+3.2%) improved. RENTA4 expects no impact on IAG share price.

Markets 24th March 2014

Today’s market chatter in Spain: gas reform, tourist sector rocking and much more

MADRID | By Jaime Santisteban | 13.8 million people checked in Spanish hotels last month, 5.5 % more than February’s last year, according to official data. Frontur Spain highlights that 6.2 million tourists have visited the country so far this year. Bankia analysts highlight how this crucial industry for the country’s GDP seems to be overcoming the crisis, growing for the third consecutive month.

Companies, Spanish economy 7th November 2013

Telefónica to inject €1.5-2Bn Cash in Telecom Italia

MADRID | By Julia Pastor | Telecom Italia needs to reorganise its balance sheet via a capital increase, a dividend cut or a sale of assets. Spanish Telefónica, which has a 22.4% stake of the Italian firm through Telco, may be willing to help the company by a convertible securities issue or the participation in that capital increase.

Companies 14th October 2013

Telefonica to Sell its Czech Stake for $3.6 Billion

MADRID | The Corner Team | Telefonica is preparing a sale of its stake in the Czech Republic’s biggest phone company to raise cash for further industry consolidation, according to three sources familiar with the deal who preferred to stay anonymous. The stake had a market value of about $3.6 billion before Monday’s increase. The stock rose as much as 6.9 percent.

Companies 24th September 2013

Telefonica and Telecom Italia: Peace Of Mind Worth $437M

The Corner Team | The deal for Spain’s Telefonica to raise its stake in Telco and control Telecom Italia will be ready before Friday, according to Economía Digital. An operation that prevents Carlos Slim, through America Movil, or American competitor AT&T from taking positions in the Italian market. Telefónica’s peace of mind is worth 324 million euros ($437 million).

Companies 23rd September 2013

Telefonica in Talks to Buy Telecom Italia

The Corner Team | Spanish Telefónica is in talks to become the main shareholder of Telco, Telecom Italia’s holding company, which is struggling with a millionaire debt and a fiercely competitive market, Dow Jones reports. The proposal under discussion would have Telefónica increasing its stake to 70% before next week.

Companies 15th August 2013