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…

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…

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…