All José María Álvarez-Pallete articles – Page 6
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Strategy & Change
Telefónica draws new logo to reflect digital vision
New marque is the first corporate identity refresh this century for the operator. Executive Chairman Álvarez-Pallete outlined symbolism behind the change at Group AGM.
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People
Álvarez-Pallete hails Spanish leadership in digital revolution
Telefónica Executive Chairman says Spain is in a “leadership position” in digitisation, but requires a new “framework” to take full advantage. Data underlined as paramount, with a ‘social contract’ needed to ensure privacy and fair valuation.
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Premium
Q4 FY20: Shrinking Telxius focused on serving the core
Telefónica Infra’s biggest asset demonstrates worth ahead of its sale, while the remainder of the Telxius business is primped for a possible offload. Infra set to focus on development and management of fibre InfraCos to ease Group capital demands and accelerate fibre rollout, while serving the need of OBs. ...
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Strategy & Change
FY20: Core four battle on in tough times
Major markets collectively show declines at the end of a tough year, but Group remains committed to focusing investment on next-generation networks to transform its fortunes. Spanish operations still the crown jewels, and closely protected, but management still yearning for market consolidation. O2 UK’s five-year efficiency drive has it ...
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Premium
Q4 FY20: lightweight Hispam division swimming against the tide
FX once again crushes a period of robust defensive plays by Hispanoamérica operating businesses. Argentinian currency devaluation weighs heavily. Restructuring in Mexico provides a gloss to profitability for the final quarter. Management expectations moving on from a sale or spin-out towards development an insulated asset-light unit to minimise the ...
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Premium
Telefónica people moves: Cybersecurity & Cloud “almost complete”
Telefónica Tech’s Cybersecurity & Cloud carve-out nearing finalisation. Former CIO Phil Jordan drops TalkTalk board seat. Alastria legal chief joins Telefónica. Álvarez-Pallete adds backing to Code.org initiative.
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Strategy & Change
Telefónica targets SMEs in Spain’s digital recovery plan
Government pours billions into SME digitalisation programme. Telefónica marshals SME portfolio.
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Partnerships & Alliances
Spain’s big three ponder JV to leverage EU recovery funds
Spain’s major operators said to be in talks on a joint proposal for delivering universal superfast coverage, building on European Reconstruction Fund financing opportunities.
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Strategy & Change
Álvarez-Pallete gets political as challenges grow
Quiet support for a boardroom coup at Prisa indicates Telefónica’s political muscles as business priorities coincide with larger social challenges. Telefónica supporting government recovery goals, but lobbying for a more favourable investment environment as 5G auction looms. Group emphasising its Europe role as Latin America retreat sees grumbling.
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Strategy & Change
Elsewhere in Telefónica Group: dev facilities in Catalonia
Support for Spanish as an AI language, research on IoT for agriculture, and applications of technology for social causes explored.
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M&A
Wholesale power under scrutiny as CMA reviews VM-O2
Proposed JV’s ability to tilt backhaul market in its favour and limit opportunities for MVNOs will be central to competition review. The impact of the deal on the development of providers offering fixed-mobile bundles will receive particular scrutiny. CMA wields new powers post-Brexit, but this is accompanied by greater ...
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M&A
Telefónica sells infra biz to American Tower
Telxius finds a home at US infrastructure giant. Transaction expected to wipe €4.6bn off Telefónica net debt.
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Strategy & Change
Could Telefónica exit Uruguay next?
Telecom Argentina reportedly mulling play for the Group’s local unit. Telefónica executives stress they remain open to all options to reduce its exposure in the Hispanoamérica region. Group continuing to experience frustrations in snakes-and-ladder-esque regional divestment programme.
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Strategy & Change
Telefónica Tech readies for formation
Group brings in specialists to finalise Tech unit creation, with three-pronged subsidiaries beginning to take shape. Formal structure steadily catching up with well-established tech intent.
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Public Affairs
Brazil’s telcos don’t play ball with US Clean Network plan
Mobile network operators refuse to meet senior US official to discuss exclusion of Huawei’s 5G kit. Vivo’s apparent snub at odds with Group, an apparent supporter of the Clean Network initiative.
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M&A
Vestager: Brexit complicates O2-VM competitions ruling
European Competition Commissioner signals openness to allowing CMA to oversee the review of O2’s proposed merger with Virgin Media History, and the appeal of the EC being able to reassert its views on market consolidation, may still point to Europe asserting its prerogative however. O2 and Virgin Media see ...
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Partnerships & Alliances
Telefónica renews Deutsche Telekom deal as fibre plans accelerate
Renewed and expanded wholesale volume deal will remove the handbrake on Telefónica’s broadband products, and drive TDE investment. While DT network currently focused on urban areas, Telefónica’s plans for a €5bn rural fibre network are reportedly nearing completion.
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M&A
Fries and Álvarez-Pallete: two minds on UK JV
While Telefónica and Liberty said to be on same page on O2–Virgin Media integration, respective chiefs hinted at varying concerns and strategic priorities linked to the progress of the JV.
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M&A
Telefónica jilted in LatAm again
América Móvil gave up on Movistar El Salvador acquisition. Telefónica once again sees sale of a Latin American asset derailed by actions of local competition and regulatory watchdogs.
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Strategy & Change
Telefónica in front row seat as Spain unveils recovery plan
Left-leaning Spanish government to put digital transformation at the heart of plans to tackle pandemic challenges, playing to Telefónica strengths.