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Companies 2nd July 2012

Telefónica trims down net financial debt by €1.45 billion with Colombia merger

MADRID | Telefónica reported Monday to the Spanish financial regulator CNMV about the final completion of the merger process of Telefónica Móviles Colombia and Colombia Telecomunicaciones. The joint society will be owned by the Spanish company, which retains a 70 percent participation, and the Colombian State, with the remaining 30 percent. Telefónica explained that at the end of the second quarter of this year, this deal would cut its consolidated…

Companies 7th June 2012

Telefónica, Vodafone to jointly operate a single network grid in the UK

my ex girlfriend is in a relationship MADRID/LONDON | Telefónica UK and Vodafone UK on Thursday announced plans to strengthen their existing network partnership, by pooling the basic parts of their network infrastructure to create one national grid running each operator’s independent spectrum. The project will create two competing networks offering indoor 2G and 3G coverage targeting 98% of the UK population by 2017, mobile coverage and mobile internet services to…

Interviews 16th May 2012

Spain’s recovery is on its way, Telefónica’s chairman assures investors

By Julia Pastor, in Madrid | Telefónica’s president César Alierta devoted his speech during the company’s general shareholder meeting to claim that markets are not considering the company’s growth potential, as well as to defend that Spain is “a very solvent country.” According to the data gathered by Link analysts, Alierta stressed Telefónica’s high dividend yield, which at current prices will be of 13,3% in 2012. In Alerta’s opinion, it…

Ibex 21st March 2012

Group Telefónica would offload more than 50pc of its workforce with Atento sale

MADRID | Telefónica will attempt for the second time since last May the sale of its call centre services Atento. According to El Confidencial, the company has hired Morgan Stanley and HSBC to organise the operation, which last year failed to get enough demand in a partial IPO. The Spanish multinational now aims to do this through an investor auction open to corporations in the industrial sector and private equity firms. Financial…

Spanish economy 27th February 2012

Telecoms and Telefónica summit in Barcelona: HTML-5, 100mb LTE and Joyn

By Julia Pastor, in Madrid | 60,000 professionals and 1,500 companies from more than 200 countries (86 of the participating firms are Spanish) gather since Monday and for a further week in the Mobile World Congress MWC held in Barcelona. It is the seventh meeting edition hosted by the Spanish city, and the first one since Barcelona was awarded the title of Mobile World Capital last July, an honour that…

Companies 6th September 2011

Renta4: “Telefónica is coming to London”

A brief note from analysts at Renta4 about Spain’s Telefónica announcing that it will create a London-headquartered unit, Telefónica Digital, which is part of further restructuring plans to become a global player in the sector. Renta4 says trading shouldn’t be affected, although Telefónica’s move certainly looks positive on the paper: “The Board of Directors Monday announced a profound organizational change in order to participate more actively in the digital world and take advantage…

Companies 6th September 2011

Renta4: "Telefónica is coming to London"

A brief note from analysts at Renta4 about Spain’s Telefónica announcing that it will create a London-headquartered unit, Telefónica Digital, which is part of further restructuring plans to become a global player in the sector. Renta4 says trading shouldn’t be affected, although Telefónica’s move certainly looks positive on the paper: “The Board of Directors Monday announced a profound organizational change in order to participate more actively in the digital world and take advantage…