All José María Álvarez-Pallete articles
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Public Affairs
Telefónica said to mull Spain job cuts ahead of Murtra’s strategy reset
Telefónica reportedly preparing an incentivised early-retirement plan to cut at least 6,000 jobs across Spanish subsidiaries. The operator is said to be aiming to present plans to unions following upcoming strategy reset…
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Network & Infra
Telefónica gets defensive with NATO maritime 5G pilot
Operator launches private 5G pilot project aimed at improving maritime communications for NATO vessels, as it seeks a bigger role in the defence sector under Executive Chairman Marc Murtra’s revamped strategy…
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Strategy & Change
Unions want input into Telefónica’s strategic reorg
Employee representatives are said to be seeking information on the likely impact of Telefónica’s upcoming strategic review on its workforce, and pushing for the new plan to include a tech-focused refresh of HR practices.
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Analyst Briefings
Telefónicawatch Analyst Briefing: strategy refresh date set
The latest news and developments at Telefónica as a second strategy update in two years is put in the Group’s schedule for early-November. Read more…
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Deep Dive
Telefónica’s Huawei gambit calls out Spain v US (and EC)
Deep Dive: Reported extension of 5G contract with Huawei ignites firestorm. Latest China procurement by a Spanish telco skirts EU recommendations and escalates geopolitical tensions, placing government and its flagship operator in a precarious position between deeply-rooted American and emerging Chinese spheres of influence.
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M&A
Telefónica ‘green-lit’ for Vodafone Spain feeding-frenzy
Following Zegona’s spectacular 350% financial gains from Vodafone Spain buyout in just 15 months, muscling-up Telefónica has apparently been cleared to bid for assets, signalling a market-shaking break-up that could set a new precedent for European consolidation. Vodafone again left pondering ‘what could have been…’
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Strategy & Change
VM O2 in spotlight as Telefónica confirms NetCo plan scrapped
Telefónica boss says plan to spin out VM O2 network operation is permanently off the table, with the Group’s strategic review prompting the operator to renounce the NetCo-ServCo split model…
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Public Affairs
CNMC ruling ignites spat over Telefónica wholesale price hike
CNMC’s attempt to recalibrate duct access pricing under MARCo regulation has triggered outrage across Spain’s telecoms sector…
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People
Hacker turned referee: Telefónica’s ex-digital chief signs as football tech advisor
Telefónica’s former digital guru Chema Alonso appointed AI and tech advisor for Spain’s football governing body and a director at Europa Press news agency.
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People
Ex-Telefónica exec Mark Evans joins MCE Systems advisory board
Former O2 Chief Executive Mark Evans and member of the Telefónica’s Executive Committee has landed an advisory role at device lifecycle management firm MCE Systems after leaving the Group in January.
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People
Telefónica Peoplewatch: post-reshuffle ripples
The latest strategic and senior changes at Telefónica, including the group’s home market operation and pay-TV business Telefónica Audiovisual Digital, following on from the group’s dramatic management overhaul in March. Leadership switches also seen at Telefónica Foundation, Telefónica Chile, and FiBrasil…
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Financial & Performance
Mixed results fuel Telefónica’s search for stability
Q1 FY25: Quarter’s numbers highlight inconsistency across Telefónica’s international empire, and reliance on Spain and Brazil for growth — fuelling question of whether new leadership team needs to go beyond existing work on Hispam assets when considering future shape of group…
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M&A
Telefónica finalises another Hispam exit with €389m Uruguay sale
Telefónica to sell Uruguayan business to Millicom International Cellular for US$440m (€389m), as Hispam disposals are accelerated to fuel Group’s consolidation ambitions in Spanish and European markets.
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M&A
Virgin Media O2 still eyeing altnet buys despite pressing pause on NetCo plan
Virgin Media O2 remains hungry for fibre altnet M&A while its NetCo sale plans are put on ice and its own fibre build rate cools off this year.
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People
Álvarez-Pallete adds Bupa role to post-Telefónica job collection
Ex-Telefónica boss becomes independent advisor at health insurance firm, which aims to leverage his extensive experience in European and Latin American markets to improve its international operations.
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Analyst Briefings
Telefónicawatch Briefing: Europe’s need for a fix
Telefónica and European telco rivals position themselves for an anticipated wave of spend on network and IT strengthening in Europe, in response to political flux. Read more…
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Network & Infra
Telefónica eyes share of Spain’s €10.5bn defence splurge
Telecoms and cybersecurity capabilities are key investment priorities in Spain’s defence spending hike.
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People
Álvarez-Pallete joins Glow after Telefónica exit
Former Telefónica chief takes on an advisory role at telecoms/fintech player in first new job since his exit from Telefónica.
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Financial & Performance
Telefónica FY24 Spend: cutbacks bring belt another notch tighter
FY24: Telefónica España leads way as Group continues to make progress on extraction of opex and capex savings.
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Financial & Performance
Telefónica FY24 Headlines: targets tweaked; core divide denied
Group delivers solid FY24 numbers but dials back cash flow and earnings ambitions amid rocky environment.