Renta 4 | There are various finalists for participating in the capital of Telefónica’s rural fibre optic network (FET) in Spain, according to several media outlets. Allianz, CDPQ (Quebec pension fund), PGGM (Dutch pension fund) and Vauban Infraestructure Partners (Natixis Group) would be the finalists to buy 45% of the rural fibre network in Spain. However, there could be some other incorporation or exit. Allianz y CDPQ could team up as a consortium.  Final, binding proposals…

Telefónica has presented the unions with a final offer for the Incentive Dismissal Plan (PSI) that provides for a maximum of 2,982 departures from the 4,532 workers entitled to join on the basis of age and seniority. This is nearly a hundred more than the proposal put forward at the previous meeting. The income offer remains the same as for the last proposals: 68% of the regulatory salary for those…

Bankinter | The Spanish government extends its veto power against possible takeover bids by one year, until December 2022. So in Telefónica (TEF), as a company considered strategic, the government will have to authorise purchases by EU investors of more than 10% of the capital. The ability to veto investments from outside the EU also remains in force indefinitely. These restrictions were imposed in April 2020 to prevent Spanish companies…