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 […]
Spanish telco Telefónica is set to take part in this week’s 5G auction in Brazil, in direct competition with other 14 companies. Telefónica, through Vivo, will bid for national and regional 5G lots in four frequency bands -700 MHz, 2.3 GHz, 3.5GHz and 26Ghz- with an estimated value of over €7.5 billion. Telefónica’s main rivals […]
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 […]
MásMóvil has announced that it will invest €350 million in Euskaltel’s optic fibre and 5G over the next three years to substantially extend its coverage in the Basque Country. MásMóvil plans to reach 1 million households via FTTH through Euskaltel by year end, up from the current 850,000. As for 5G, Euskaltel is already covering […]
Spanish telco Telefónica is planning to sell a small part of its FTTH network next year to bring in cash for its future investments. Several possible investors would be interested in its FTTH network, reports Bloomberg, that currently covers 25 million homes and is valued at €15 billion. Telefónica could also seek an investment partner […]
La Liga’s plan to open up its football pay-TV rights to third parties may see Telefónica lose up to €2.2 billion, according to a Barclays Bank’s report. Telefónica could face this loss, representing up to 45 per cent of its EBITDA in Spain, if it loses its exclusive pay-TV rights to La Liga, following La […]
Fastcom Technology, a company in security services for mission critical devices, has announced a partnership with Telefónica for the use of the MCAS solution. The MCAS solution of Fastcom allows Telefónica to securely sign the software images to be installed on the Proteus set-top-boxes (STBs). As a 24/7 available managed service, the MCAS allows Telefónica […]
Spain’s competition regulator the Comisión Nacional de los Mercados y la Competencia (CNMC) has urged Telefónica to modify “certain aspects” of its agreement with streaming service DAZN to comply with competition conditions imposed in April 2015 to avoid an abuse of a dominant market position. In particular, the deal would be breaking some commitments relating […]
Spain’s La Liga and private equity firm CVC plan to launch their own streaming platform, according to business daily El Confidencial, challenging telco operators which offer football match streaming in their packages. La Liga agreed to a deal in which CVC would invest €2.7 billion for 10 per cent revenue and a 10 per cent […]
The Spanish Court, Audiencia Nacional, has rejected appeals from Telefónica, Vodafone and Orange against the RTVE tax refusing to return the €1.6 billion paid by them since 2010. The refusal is a new setback to the operators which also saw their appeals rejected by the Constitutional Court and the European Court of Justice. The operators […]