Telefónica Regulatory & Compliance
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Financial & PerformanceSpain continues to build Telefónica buffer, increasing stake to 5%
Government increases shareholding in the operator by 2%, quickly following up acquisition of a 3% stake in March 2024.
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Public AffairsTelefónica Peru hands over €345m to end 20-year tax dispute
Operating business set to pay €345m to national tax agency, bringing an end to long-running case that has served as a source of uncertainty for Group’s strategic direction in a competitive and economically challenging market…
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M&ASpain buys 3% of Telefónica, more share purchases likely
Madrid initiates process of regaining primary shareholder status in Telefónica, as national interests surrounding telco ownership continue to rise back up the agenda in Europe, prompted by phase of operator vulnerability to outside takeovers and broader climate of geopolitical risk.
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Public AffairsTelefónica ‘in talks’ with SEC on ‘historic fine’ over Chinese ties in Venezuela
Final amount of penalty is currently unknown, the report from El Confidencial says. Probe was launched after President Maduro invited Chinese suppliers to help build 4G networks.
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Public AffairsTelefónica’s Rao adds to calls for German auction rethink
O2 Germany’s CTIO helps maintain pressure as BNetzA considers next move on spectrum rights.
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Public AffairsTelefónica bests Millicom in Costa Rica sale lawsuit
Millicom pulled up in New York for arbitrary and opportunistic behaviour; nine-digit compensation mooted; fallout appears localised with newer partnership elsewhere…
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PremiumElsewhere in UK: Ofcom not keen on mid-contract price hikes
Ofcom not keen on mid-contract price hikes.
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Public AffairsTelefónica wants Chile to have a 5G auction rethink
Criticism of Subtel’s terms ramps up, as operator claims that scoring system, prohibition of third-party infra usage, and regulatory obligations grant advantage to 5G entrant Claro. Auction follows several others in Telefónica’s markets over last year, as Group looks to acquire new spectrum while reducing financial exposure in Latin America.
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Weekly BriefingsTelefónicawatch Weekly: Álvarez-Pallete takes the stage as Group nears centenary
The latest around Telefónica and its markets, including CEO Álvarez-Pallete taking to the stage at the World Economic Forum; Vivo shelving network-share deal with Winity; and O2 Germany getting “aggressive” on discounts…
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Public AffairsTelefónica’s Álvarez-Pallete takes soapbox to Davos, repeats call for EU refresh
Telefónica’s CEO says deregulation and investment “agenda” needed to drive innovation and increase EU telcos’ competitiveness. Comments come hot on the heels of similar messaging from other industry execs. Entrance of SEPI and stc as Group shareholders not a distraction from new three-year strategy…
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Strategy & ChangeTelefónica finalises Spain job cuts, wage increases ‘on the way’
Agreement reached with unions on CEV III framework and new incentivised early-retirement scheme, with more than 3,000 redundancies anticipated. Plans to increase wages and reduce working hours also reportedly in the works, and extension to other subsidiaries also a possibility…
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Network & InfrastructureBrazil’s Vivo axes Winity network-sharing tie-up
Controversial deal falls through as contiguous 700MHz spectrum blocks returned to Anatel. Operators blame regulatory conditions as they prepare to push back against wider infra-sharing ban in Brazil, citing capex reduction and coverage expansion as benefits.
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Network & InfrastructureMovistar and Tigo go halves on Colombian 5G rights
Operator duo makes savings by teaming on 3.5GHz licence acquisition.
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Public AffairsO2 Germany’s Haas adds weight to plea for more mobile spectrum
O2 Germany says tests show upper 6GHz band is well‑suited for mobile communications.
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Public AffairsTelefónica ‘switches gears’ on Spanish job cut scheme
Operator to implement ERE incentivised early-retirement plan for first time in eight years, with plan framed as necessary due to “functional excess” of workers. Unions already seeking protections for those affected. Move marks continuation of Spanish personnel cost-cutting drive.
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Public AffairsTelefónica to ‘firm up’ Spanish job cut plans with unions
Operator to negotiate new incentivised early-retirement plan with the UGT and CCOO, continuing its efforts to reduce personnel costs and simplify structurally.
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Public AffairsWait goes on for EC’s investment revival ‘vision’
European Commission guidelines for new Digital Networks Act expected before June 2024, but draft legislation not until 2025.
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Public AffairsTelefónica ‘presents’ job cut plans to Spanish unions
Operator set to reduce headcount by up to 5,000 through new Individual Contract Suspension Plan.
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Network & InfrastructureMovistar–Tigo network-share deal approved in Colombia
Superintendencia de Industria y Comercio green lights Movistar and Tigo infrastructure-sharing deal in Colombia, but no word on clearance from MinTIC.
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OperationsMovistar to close last of its call centres in Spain
Operator initiates restructuring exercise to close four remaining customer contact centres, in the face of falling demand for telephone customer service channel.