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. […]
Telefónica is to distribute RTVE via satellite in Europe for the next two years in an agreement worth €1.71 million. The operator will distribute TVE Internacional HD and 24 Horas HD, as well as six RTVE radio stations. Telefónica Servicios Audiovisuales will take the signal from Madrid and will transmit in DVB-SA on Ku-band through […]
Saudi Arabia’s STC Group has acquired a 9.9 per cent stake in Telefónica, making it the second biggest holder in one of the largest telcos in the world with significant presence in Spain, Germany, the UK and Brazil, for a total consideration of SAR 8.5 billion (€2.1bn). STV Group said the acquisition represents another milestone […]
Visitors and employees at Munich’s tallest skyscraper are benefitting from seamless mobile coverage following the deployment of CommScope’s DAS ERA technology. The Hochhaus Uptown München, known as the O2 Tower and headquarters of O2 Telefónica Germany, has been equipped with a fully digital DAS ERA C-RAN antenna system, covering all 38 floors. Additionally, on selected […]
Spanish telco Telefónica has renewed its contract with satellite company SES Astra until 2030 for €90 million, according to Economia Digital citing comments from Ruy Pinto, the CEO of SES.Initially, the contract was in force until 2027 to give service to around 240,000 Movistar Plus subscribers who get the signal from the satellite (mostly in […]
Spanish telco Telefónica, through its global business unit, Telefónica Global Solutions (TGS), has become an authorised worldwide partner of SpaceX’s Starlink, the Low Earth Orbit (LEO) constellation of highly advanced satellites delivering high-speed, low-latency broadband Internet across the globe, even in the most rural and remote locations. With this agreement, TGS will be able to […]
Telefónica has acquired Spanish TV rights to UEFA Champions League, Europa League, Conference League and Youth League football until 2027 for €960 million (€320 million per season). Telefónica revealed the deal to the Spanish Stock market CNMV. A contract with UEFA is to be signed shortly. With these rights, Telefónica will be able to offer […]