Telefónica, the Spanish telco, has acquired five live football pay-TV matches per week, from 2025 to 2027, for a fee of €1.29 billion. Telefónica will pay €250 million for half of the 2024-2025 season and €520 million per season in 2026 and 2027 to broadcast the matches in Spain, and will have the first pick […]
Spanish telco Telefónica has reached an agreement with trade unions over a redundancy plan that will affect 3,411 workers. This is a 33 per cent lower than the initial plan of 5,124 dismissals from its total workforce of 16,000. The redundancy plan will commence on January 9th with most of the exits taking place on […]
Movistar and DAZN have renewed their partnership for another three years with the sports streaming service offering all its content on Telefónica’s platform in SpainMovistar’s subscribers will be able to watch content including Formula 1, Moto GP, WTA circuit, Premier League football, Coppa Italia football, Liga F football and UEFA Women’s Champions League through MiMovistar.La […]
The Spanish state has become a shareholder in Telefónica with the acquisition of a 10 per cent stake in the company with an estimated value of €2 billion via state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). The move comes three months after the Saudi STC paid €2.1 billion for its stake, 4.9 per […]
Memnon, the content preservation and migration services provider, and broadcast and audiovisual solutions specialist Telefónica Servicios Audiovisuales (TSA) have announced a partnership that will preserve more than 200,000 hours of content from Spanish public television archives. TSA, a Telefónica Group company, is responsible for the project management, infrastructure supply and coordination of the audiovisual archive […]
Spanish telco Telefónica has announced its GPS Plan (Growth, Profitability and Sustainability Plan) for the 2023-2026 period, with the aim of reaching 30 million FTTH homes passed, up from the current 20 million. Overall, the group will have 100 million FTTH passed homes worldwide by that date from the current 70.3 million. In a year, […]
Telefónica Group has launched a takeover bid for its subsidiary in Germany Telefónica Deutschland. The Spanish group wants to acquire a futher 28.19 per cent to take full control at an estimated cost of nearly €2 billion. Telefónica Group currently has a 71.81 per cent stake in Telefónica Deutschland, one of Telefónica’s global crown jewels […]
SEPI, Spain’s industrial public entity, is planning to acquire a 5 per cent stake in Telefónica. The move is aimed at strengthening the presence of the State in a “strategic company” such as Telefónica at a time when Saudi’s STC is taking an important stake in the operator, subject to the Government’s approval. According to […]
Telefónica’s second brand, O2, has revamped its services and added pay-TV to its offering with the launch of the Movistar Plus OTT platform. O2 subscribers in Spain will now be able to watch Movistar Plus at a cheaper price of €12 a month compared to €14 through other operators. ustomers have to go to its […]
Spain’s Telefónica is set to approve an early retirement plan that may affect up to 5,000 staff through to 2026. According to Expansión, the company estimates that between 2,500 and 3,000 workers will accept the redundancy keeping in mind a similar plan in 2021 when 2,982 workers accepted it out of a total of 4,532. […]