Telefónica

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Telefónica joins forces with Celo Foundation to promote open-source blockchain ecosystem

Alphavalue / Divacons | The Spanish telecom has teamed up with the US-based Celo Foundation, which also entails its alliance with the Celo Alliance for Prosperity, which promotes the open-source blockchain-block ecosystem, Celo, and contributes to the decentralisation of the network, it said in a press release yesterday. Telefónica will play a key role in validating transactions, ensuring network consensus, helping stability and maintaining the security of the Celo blockchain.


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Telefónica wins €73m in UNICO programme funding to deploy 5G in municipalities with fewer than 5,000 inhabitants

Renta 4 | The company has been awarded €73 million in aid from the UNICO programme for the deployment of 5G in municipalities with fewer than 5,000 inhabitants. The main winners were Lyntia Networks and Avatel Telecom, with €142 million and €132 million, respectively. Adamo will receive more than €82 million and Telefónica will receive €73 million. The rest of the aid is divided between Totem (Orange towers) with €9…


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Telefónica and Microsoft to jointly deliver solutions to evolve voice technologies

Alphavalue/DIVACONS| Spanish telecom company Telefónica and Microsoft will jointly offer companies of all sizes and linked to any type of activity solutions to “evolve” voice technologies by integrating them into a cloud environment in which communications and collaborative applications are solved, the two companies said in a statement yesterday. The services have been deployed around the Microsoft Teams Phone voice platform and allow employees to connect and work collaboratively from…


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Telefónica turns 99 and announces closure of all copper exchanges

On 19 April 2024, exactly one year from now and on the date on which Telefónica will celebrate its first century of life, a network reconversion will have been achieved that will include the closure of a total of 8,532 copper exchanges (5,203 closures already communicated to which 3,329 will now be added). Thus, on the company’s 100th anniversary, the copper switch-off will be effective for all retail customers, who…


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Telefónica asks EU to follow South Korean model: make Google, Amazon, Facebook, Apple pay for networks

Telefónica continues to lobby, along with the major European operators, for the GAFA (Google, Amazon, Facebook and Apple) to collaborate in investments to expand and improve telecommunications networks.Telefónica defends the South Korean model, a country with a regulation focused on ensuring that the players that generate the most traffic make a fair contribution to financing telecommunications networks. It is a policy that has led Netflix to file a lawsuit against…


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Telefónica earns €2,011 M€ in 2022, maintains dividend at €0.30/share

Main figures compared to Bloomberg consensus: Revenues €39,993M +1.8% in reported terms, +4% organic) vs. €39,686M estimated (+1.0%); Recurrent OIBDA €12,852M (-0.6% reported, +3.0% organic) vs. €12,747M estimated (+0.6%); OIBDA Margin 32.1% vs. 32.1% estimated, BNA €2,011M vs. €1,967M€ estimated. Free Cash Flow €4,566m vs. expected €3,786m. Net Financial Debt €26,687M vs. €27,020M expected (vs. €28,918M in 3Q 2022 and €26,000M at December 2021). Targets for 2023 are “low single…


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Telefónica to collaborate with Saudi operator STC Group to develop business in Middle East and North Africa

Link Securities | Telefónica has signed a strategic partnership agreement with the Saudi Arabian telecommunications operator STC Group to develop joint business in the Middle East and North Africa. With the signing of this agreement, STC Group becomes a member of TEF’s Partners Program, an initiative of alliances with other operators launched by the Spanish company in 2011 and covering more than 65 markets in Europe, Latin America, the Middle…


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Telefónica agrees 7.8% pay rise for its 13,000 employees in Spain

Renta 4 : The 13,000 employees linked to the Agreement of Linked Companies will receive a 7.8% raise in 2023 plus another €300 in October. This rise corresponds to the adjustment over the period 2019/2022, when the CPI had an accumulated rise of 12.5% and salaries rose by 6.5%, and to a rise of 1.5% in 2023. Work is also underway to update the salaries of non-agreement staff, which includes…


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Telefónica accelerates closure of its copper network scheduled for 2024

Bankinter| Telefónica will close 5,800 exchanges that serve landlines and broadband via ADSL between 2023 and 2024, and will replace them with fibre optic exchanges. After the process, Telefónica (TEF) will have ~3,000 fibre-optic exchanges that will replace the ~8,000 that made up the copper network. Opinion of Bankinter’s analysis team: The programme, although planned, accelerates the cost savings and efficiency gains of running a single, more robust fibre network….


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The EC gives green light to Vauban, Crédit Agricole’s entry in Telefónica’s rural fibre optic arm

Bankinter | The European Commission (EC) has authorised the entry of Vauban Infrastructure Partners and Crédit Agricole in Telefónica’s rural fibre optic affiliate. The company, called Bluevia, will have the 3.5 million premises which has the group’s fibre optic and will roll out an additional 1.5 million fibre optic connections in the next two years. Bluevia will also signs provision of services contracts with Telefónica. The consortium formed by Vauban and CA…