Telefónica News – Page 45
-
PremiumTelefónica backs interoperability through new O-RAN lab
i14y Lab set to be tangible evidence of European operators and authorities collaborating to develop the open RAN ecosystem in wider pursuit of disaggregated networks. Telefónica highlights opportunity to reinforce the security of open RAN and assuage policymaker concerns.
-
M&AGroup’s Central America withdrawal complete
El Salvador’s Superintendencia de Competencia gives Group green light to exit the market through transaction announced with General International Telecom in autumn. No conditions attached to approval, unlike earlier deal with América Móvil that ended up collapsing. Deal is final of five regional sales by Group.
-
Innovation (R&D)Telefónica Tech and Darwin collaborate on cybersecurity for CAVs
Deal continues Telefónica’s collaboration with Darwin on development of new CAV industry vertical.
-
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.
-
PeopleFormer Telefónica exec takes Sky Mexico helm
Luis Malvido, ex-CEO at Telefónica businesses in Argentina, Brazil, Czech Republic, and Venezuela, takes the lead at Mexican rival.
-
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.
-
Network & InfrastructureMovistar gets industrial with Chile 5G launch
Telefónica Chile’s 5G network goes live alongside peers Entel and WOM. Plans for “nationwide” availability in early-2022.
-
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 ...
-
M&AVM O2 CEO happy as spectator to BT takeover saga
Lutz Schüler, CEO at Virgin Media O2, said he “thanks God” his business is not distracted by shareholder goings on. Comes after Patrick Drahi expanded his shareholding in VM O2 rival BT. Schüler’s attention fixed on customer experience improvements and fibre rollout.
-
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.
-
Partnerships & AlliancesCelcom teams up with Telefónica Tech to bolster Malaysian cybersecurity
Pair launch two cyber threat solutions to mark new partnership. Move represents Telefónica Tech’s third Malaysian tie-up in recent years.
-
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.
-
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.
-
Venturing & InvestmentsWayra Hispam expands startup investment portfolio with Mexican duo
Vinco and Retrypay join over 100 startups as part of Wayra Hispam’s “ongoing commitment to digital transformation”.
-
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.
-
Partnerships & AlliancesTelefónica goes MagNET fishing for telco SME tie-ups
Growth division reveals it has been building out a new B2B service delivery platform to strengthen its place in the value chain. Telco and SI partners being sought to extend MagNET-based offerings “globally”.
-
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.
-
M&ASpain shields Telefónica as KKR’s TI bid makes waves
Spanish government reinforcing restrictions that would halt hostile bids for Telefónica until 2023. Europe’s telco sector awash with bid speculation as KKR pursues TI, and Indian conglomerate Reliance Industries is linked to a BT bid.
-
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.
-
PremiumTelefónica Q3 FY21 Guidance and spend: hanging fire in uncertain times
Positive results not enough for Telefónica to lift guidance. Grip on spend remains in place, with focus on volume and mix discipline.