Spain – Page 38
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PremiumQ3 FY20–21: Top team turn bullish as growth returns, just
Nick Read and Margherita Della Valle claim Group set for acceleration after sneaking back into growth territory during quarter. European macro and M&A questions continue to overhang claims of confidence in regional prospects, however. Amid continued talk of yet more in-country consolidation, “pragmatic” Vodafone will “always examine opportunities to ...
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Strategy & ChangeElsewhere in Vodafone Europe: Italian 3G sunset
End of road for Italian 3G network; 5G used to combat COVID-19 in Spain; Turkey enterprise unit digitises cement mix.
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Venturing & InvestmentsWayra levels up with co-operative gaming investment
Telefónica open innovation hub puts gaming and e-sports in its investment crosshairs, drawing together fellow venturers for “up to €2m” commitments. Fourteen funds participate in this year’s Coinvestment Day.
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PeopleTelefónica moves: Oslé named Spain CEO; Almazor heads up Cloud
Newly-formed Unsere Grüne Glasfaser FTTH joint venture names a handful of team members ahead of anticipated approval. Movistar CEO rotates to lead Telefónica Tech’s Cloud unit, while Sergio Oslé takes the Spain spot. New strategic planning lead at Group-level.
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Financial & PerformanceTelefónica wobbles over 2020 finish line, targets stability
Revenue and OIBDA drop 11% as double-whammy of COVID-19 and currency fluctuations hit. Guidance on cash flow just about achieved, while FY21 focus will be on stabilisation. Dividend reduced by 25% as COVID-19 challenges continue, and 5G auctions loom. Telefónica Infra picking up minority stakes in Group infrastructure as ...
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PremiumVodafone people moves: Italy’s commercial leadership confirmed
Veteran executive departures at the top of India’s Vi. Vodafone Hungary’s Enterprise Business Unit gets a new lead from Apple. Raimondi named Commercial Director in place of now-Chief Commercial Officer Duilio.
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Innovation (R&D)Open Future Call I: Telefónica eyes ‘revolutionary’ tech
Open Future hubs across Spain prep for first 2021 intake. Group seeks to highlight role in job creation amid present challenges.
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M&ATelefónica to swap more data centres for Nabiax stake
Four data centres are said to be on the table, with a 20%-stake in Asterion subsidiary Nabiax the price. Nabiax-Telefónica JV reportedly in the pipeline to manage the estate.
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Venturing & InvestmentsYBVR earns extra Wayra investment for XR platform
Extended reality startup raises $1.5m in Pre-Series-A round, with Wayra increasing its initial investment. YBVR’s Verizon partnership bolstered. Wayra continues to bet on AR/VR/XR.
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Products & ServicesTelefónica’s Chema Alonso ‘to drive Spanish press Netflix’
Telefónica Chief Digital Consumer Officer will reportedly lead the project, dubbed the “Netflix of the press”. EU reconstruction funding said to be on the cards.
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Strategy & ChangeTelefónica targets SMEs in Spain’s digital recovery plan
Government pours billions into SME digitalisation programme. Telefónica marshals SME portfolio.
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Innovation (R&D)Telefónica inaugurates cyber-tech lab in Valencia
Multipurpose research and development unit made public a year after get-go, with local cyber subsidiary playing key role. Telefónica’s innovation network in Valencian Community expanding, increasing engagement with regional partners.
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PremiumTelefónica raises €1bn through sustainable bond issue
Sustainability financing includes social impact and environmental targets. Proceeds to fund fibre networks and connectivity in unserved areas.
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PremiumTelefónica experiments in 5G Technologies Cities
Palliative care trial with Nokia in Segovia using 26GHz frequencies. Network slicing pilot with Cisco and the University of Vigo in Galicia.
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Premium5G and edge added to activation programme
Wayra Acceleration Programme expanding to seek out edge innovation, and leverage Spain’s rapid 5G rollout.
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Strategy & ChangeTelefónica Global Solutions looks to trim headcount
Recently bundled wholesale services unit will offer incentivised early retirement to its over-53s, as part of ongoing contract suspension scheme.
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Partnerships & AlliancesSpain’s big three ponder JV to leverage EU recovery funds
Spain’s major operators said to be in talks on a joint proposal for delivering universal superfast coverage, building on European Reconstruction Fund financing opportunities.
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Innovation (R&D)Shaadow steps out of Telefónica’s innovation doorway
Startup lands cash-injection after internal incubation process. Spinoff equipped with ElevenPaths patented tech. Group execs keeping close-eye on operations.
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PremiumVodafone people moves: new lead to drive Group transformation plans
New Transformation Director in as CFO mulls yet another step-up in efficiencies plans. New CEO Aksoy formally takes over at Vodafone Turkey. Vantage Towers inaugurates its Supervisory Board with Grube as Chair. CISO swap at India’s Vi.
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Strategy & ChangeTelefónica closer to firming up commercial reset
New model seen as necessary for digital services era, encompassing changes around skills, incentives, and flexibility. ‘Commercial careers’ agreement has been a long time coming, but unions say more still needs to be done.