All Telefónica España (Spain) articles – Page 14
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PremiumTelefónica gets union backing for staff redundancy plan
Unions accept latest redundancy and payments offer as operator seeks to slim Spanish workforce once again. Group offers a higher pay increase of 1.5% for 2023 and extended eligibility criteria for long-term employees. Move adds to similar, smaller plans at rivals Orange and Vodafone as Telefónica’s home market faces ...
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Strategy & ChangeTelefónica offers redundancy plan to almost 3,000 staff
Unions still not satisfied with latest redundancy offer. Group offers a higher pay increase of 1.5% for 2023.
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Public AffairsEricsson loses latest skirmish in Telefónica Avatar saga
Ericsson blocked from unilaterally changing working conditions for employees transferred from Telefónica in 2010 in conjunction with the AltamirA platform acquisition. A renewed deal linked to the platform removes Telefónica’s minimum spend commitment.
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Partnerships & AlliancesTelefonica targets health sector as digitalisation laggard
Healthcare sector viewed as an area with great digital potential, and slow take-up to date, with Telefónica focused on a collaborative approach. Across all sectors, innovation strategy remains focused on building not only networks, but platforms on top of them that will enable the Group to create new revenue ...
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PeopleTelefónica reshapes board of directors
Group cuts board seats from 17 to 15, with representation from shareholders BBVA and CaixaBank halved. Ignacio Moreno and Jordi Gual to instead shift to roles at Telefónica España and Brazil’s Vivo.
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Content & TVMovistar, DAZN secure five-year La Liga deals
La Liga generates €4.95bn in revenue from new round of concessions. Movistar’s controversial agreement on hold ahead of talks between Telefónica and regulator CNMC.
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PremiumTelefónica people moves: wholesale lead named at VM O2
VM O2 appoints Diego Tedesco to lead its Fixed Wholesale business in challenge to incumbent Openreach. SME-focused team also filled in at newly-merged UK operator, with appointments in marketing, products, and sales. Telefónica Tech draws in new faces from across the Group footprint.
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PeopleMovistar Money JV rejigs leadership
Lending JV Telefónica Consumer Finance reshuffles board, with changes aligned to adjustments by Group and co-parent CaixaBank. Telefónica’s María Jesús Almazor swapped for Oscar Candiles as a JV representative.
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OperationsTelefónica presents redundancy plan to Spanish unions
Union negotiations begin over new phase of headcount reduction. Reports suggest more than 3,000 staff will be offered voluntary redundancy, although eventual job cut total expected to be lower. Move comes amid ongoing competition and inflation concerns.
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Financial & PerformanceTelefónica adds €750m to growing sustainable bond bank
Group takes total financing raised through sustainability-linked bonds to €3.25bn over two years. Funds ringfenced for legacy network upgrades and rural connectivity builds in Germany, Spain, and (potentially) Brazil.
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PremiumTelefónica Q3 FY21 Headlines: recovery gathers steam but jitters persist
Group describes results as “significant step towards economic and social recovery”. OBs put in a solid quarter, with Vivo and Telefónica Deutschland reporting gathering commercial momentum. First quarter for refashioned UK business. Telefónica Tech’s expansion still being significantly driven by M&A, obscuring ‘organic’ progress. Centralisation of Hispam progressing, and ...
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Strategy & ChangeSpain’s ‘big three’ agitate for consolidation
Top execs at Orange, Telefónica, and Vodafone indicate ‘enough is enough’ in Spain’s hyper-competitive market. Telefónica Group COO says Spanish incumbent can play “facilitator role” for consolidation in a market that is “not sustainable”. Vodafone CEO’s patience running out on low returns from southern Europe; looking to “actively engage” ...
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Products & ServicesMovistar set for home insurance launch
Move continues Spanish operator’s consolidation in insurance sector.
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Strategy & ChangeElsewhere in Spain: Spain looking to grow O2 budget play
O2 brand to appear in Movistar shop window as part of ongoing retail revamp; Telefónica Empresas takes on digitisation challenge in rural banks.
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Strategy & ChangeO2 brand to appear in Movistar shop window
Reports indicate Movistar will trial O2-branded fixed and mobile services in its Telyco stores ahead of a potential broader rollout. News comes after loosened regional restrictions, allowing discounted O2 services in hundreds of new municipalities.
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Strategy & ChangeTelefónica preps for 2,000+ job cuts — reports
Spanish operations look set for voluntary redundancy scheme rollout, according to multiple sources. Continuation of ongoing headcount reduction programme expected to be in place by mid-2022 following union negotiations later this month.
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PremiumTelefónica people moves: Group seeks strengthened government relations
Juan Montero takes over public policy and competition remit, with reshuffled reports in support. A direct swap on the Group’s Board sees María Rotondo Urcola fill Sabina Fluxà Thienemann’s shoes. Vivo names a successor for its vacant CIO spot. VM O2 builds out a marketing team to grow its ...
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Suppliers & SCMOracle picked for Telefónica’s on-prem cloud migration
Telefónica España expands relationship with Oracle with a switch to on-premises cloud infrastructure for mission-critical BSS/OSS. Architecture consolidation and simplification the primary motivator, but cost savings and data regulation also benefits. Wider public cloud migration potentially on the cards.
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Network & InfrastructureCiti said to be charged with Telefónica Spanish infra sale
Rumours continue to circulate around Telefónica’s fibre monetisation plans in Spain. Investment bank understood to have valued Spanish fibre infrastructure at €14bn. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”. Report suggests Group is seeking resources to finance investments in 5G and digitisation. ...
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Strategy & ChangeElsewhere in Telefónica Core Markets: Prosegur JV ties with Santander
AMC Networks files arbitration claim against Telefónica in Spain; security JV Movistar Prosegur Alarmas ties with Santander.