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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.

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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.

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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.


What Telefonica did in Germany this summer

MADRID | By Francisco López, via | Telefonica had an important reason for its well-timed U-turn: the Spanish corporation wanted to conquer a mature market with scope for expansion.

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Telefónica wonders at AT&T’s news on takeover bid

MADRID | By Julia Pastor | The rumour about a friendly takeover bid from the US telecomunications group AT&T to acquire 100% of Telefónica has moved the Madrid Stock Exchange on Monday. The offer would have included a payment of €70 billion as well as the absortion of Telefónica’s €52 billion debt.