Telefónica

Companies, Ibex 8th August 2024

UK private equity fund Marshall Wace increases its bearish bet on Telefónica to 1.21%

Link Securities | British private equity fund Marshall Wace has increased its bearish bet on Telefónica (TEF) to 1.21% from 1.12%, according to Bolsamania.com. Never before has Marshall Wace had such a large bearish position. According to the National Securities Market Commission (CNMV), the bearish fund first took a short position of 0.5% in April 2024, but has been increasing in recent weeks. Marshall Wace’s entry coincides with the increase…

Companies, Ibex, Relevant News Item 7th August 2024

Telefónica buys 5G frequencies from Masorange in 3.5 GHz band; price could reach €63 million

Bankinter | Telefónica is buying frequencies in the 3.5 GHz band , which is the standard for the bulk of 5G traffic, from Masorange. Both companies have submitted the formal request for the transfer to the Ministry of Digital Transformation. Opinion of Bankinter’s analysis team: The sale of frequencies by Masorange falls under the “remedies” or conditions imposed by the EC for the authorisation of the merger between Orange and…

Spanish economy 1st August 2024

Telefónica achieves net profit of €979m (+29%) in first half of year

Link | Telefónica presented its results for the first half of the year (1H2024) yesterday, of which we highlight the following aspects: TEF’s net revenues rose 1.1% year-on-year between January and June to €20,395m, driven by higher service revenues in 2Q2024.Operating cash flow (OIBDA) rose 2.5% year-on-year in 1H2024 to €6,424 million. In terms of revenue, the OIBDA margin increased in the first half of the year to 31.5%, from…

Spanish economy 16th July 2024

Competition authorities to allow Telefónica greater flexibility in commercial fibre offer following market share reduction in Spain

Norbolsa | The National Markets and Competition Commission (CNMC) frees Telefónica from having to notify the launch of new products or promotions before going to market, which will allow the company greater flexibility in its commercial fibre offer. This is because following the ORA-MAS merger and the operator’s shrinking market share in Spain is causing the CNMC to relax its requirements on the operator. The current methodology of the replicability…

European economy 4th July 2024

Telefónica, through Virgin Media O2 subsidiary and Vodafone strengthen agreement to share mobile networks over next 10 years

Link Securities | The Spanish telecom, through its subsidiary Virgin Media O2, and Vodafone have reached an agreement in the UK to strengthen their mobile network sharing agreement for the next ten years, Expansión newspaper reported yesterday. The deal incorporates the purchase of assets from Vodafone to facilitate a merger with Hutchison subsidiary Three in the country. Perhaps the most novel aspect of the deal is that VMO2, in which…

Spanish economy 2nd July 2024

Telefónica and Nokia to jointly develop and deploy 5G private networks in Spanish companies

Alphavalue / Divacons | Telefónica and Nokia have signed a three-year strategic agreement to accelerate the development and deployment of private 5G networks in Spanish companies, the operator led by José María Álvarez-Pallete said in a statement. According to Telefónica, the aim of this agreement is to help industry evolve to a 4.0 model and accelerate the digital transformation of companies “in a simple and agile way”. This alliance for…

Spanish economy 1st June 2024

Telefónica beats MasOrange and Vodafone in rural 5G bid to receive €298 million in subsidies

Bankinter | Telefónica (TEF) has beaten MasOrange and Vodafone in the government’s rural 5G plan called UNICO Redes Activas. It gets €298 million in subsidies to deploy 5G networks at 4,123 sites until February 2026. MasOrange gets €143 million for 1,948 sites and Vodafone €66 million for 1,200 sites. The project will benefit more than 1.8 million inhabitants who will have access to 5G coverage. Grants for the programme come…

Spanish economy 30th May 2024

Telefónica Brasil negotiating to buy Brazilian operator Desktop

Telefónica Brasil, a subsidiary of TEF, confirmed on Wednesday that it is “in talks” to buy Brazilian operator Desktop, although at the moment there is no definitive decision or formalisation of a deal. The company has assured that it is constantly analysing market opportunities and investments aligned with its strategy and has committed to keep its shareholders duly informed of any move. For its part, Desktop has reiterated that at…

Spanish economy 23rd May 2024

Telefónica pacts with Masorange and Vodafone to share frequencies in upcoming 5G rollout in rural areas and small towns

Banco Sabadell: According to press reports, Telefónica has reached an agreement with Masorange and Vodafone to share frequency spectrum for its mobile services in Spain. Specifically, the agreement allows them to use the 700 MHz band jointly in network deployments following the upcoming award of the Single Active Networks tender, which aims to extend 5G technology in rural areas and small towns. Assessment: Positive news with limited impact. The agreement…

Spanish economy 20th May 2024

SEPI takes stake in Telefónica to over 9% from 8% previously

Banco Sabadell: The State Industrial Ownership Corporation (SEPI) has informed the National Securities Market Commission (CNMV) that on May 15th it reached a stake of more than 9% in the capital of Telefónica (from the previous 8%). We recall that SEPI’s objective is to reach 10% of TEF’s capital. Assessment: Positive news with limited impact, in fact now that SEPI has almost achieved its objective, the share will lose this…

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