Spain’s largest telco, Telefónica, is set to cut 3,000 workers as part of a job redundancy plan aimed at reducing costs following the drop in revenues due to tough competition in the market. The redundancy plan is scheduled to be ready by the end of the year to negotiate with trade unions, and then implemented […]
Spanish operator Telefónica will invest a total of €2.56 billion in its four largest markets – Spain, Germany, UK and Brazil – to develop 5G and optic fibre networks once the main 5G auctions and awarding have been completed this year. The company has taken three years to complete the award process since the first […]
Netflix’s You leads the Whip Watch Report of streaming originals among Spanish viewers for the week of November 1-7. The Whip Watch Report ranks the most viewed series originating from SVoD platforms in the past week. Second on the list is Locke & Key, followed by the new Spanish romantic drama The Time It Takes […]
The upcoming 4K-HDR Summit in Malaga, Spain will hear a presentation from Xavier Redón, a senior executive with Cellnex Telecom, who says that UHD demonstration transmissions are now available to “50 per cent of the Spanish population”. Redón, who is also vice-president of the UHD Spain Association, adds: “Spain is a unique UHD test laboratory […]
Spanish operator Telefónica was one of the big winners in the 5G auction in Brazil, being granted with six lots of spectrum to operate across the country. The company will pay €150 million for the spectrum, and will operate several lots of 80MHz in the 350GHz band, keys in the development of 5G, in direct […]
Spanish football league La Liga has put TV rights up for auction for the next five seasons (2022-2027), ignoring regulator CNMC’s opposition on five years contracts. The rights are divided into seven packages, each one made up of several lots intended for both terrestrial and non-terrestrial television. The deadline for bids is December 13th. With […]
Telefónica, the Spanish telco, has reproted a record net income of €9.33 billion in the first nine months of the year, as a result of capital gains from the closing of the merger between O2 and Virgin Media in the UK and the sale of Telxius towers. Net income from July to September amounted to […]
TOTEM, the European TowerCo wholly owned by Orange, is now operational. Orange says it will allow the company to strengthen its position as a manager and operator of passive mobile infrastructure and to benefit from new sources of growth. Its management and operation will be completely independent following the transfer of all key passive mobile […]
Spain’s Ministerio de Asuntos Económicos y Transformación Digital (Ministry of Economy) has awarded the country’s largest telco, Telefónica, with €200 million public funds to extend FTTH to all rural areas in the country at a speed of over 100 Mbps. This means Telefónica has taken 80 per cent of the planned €250 million public aid […]
Spanish telco MásMóvil has won several 4G and 5G spectrum lots in Portugal for €70 million following a public auction with its participation through subsdiary Nowo. The company won two lots of 5MHz in the 1,800 Mhz band, a block of 5Mhz in the 2,600 MHz band and four blocks of 10 MHz in the […]