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 […]

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 […]

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 […]