All Spain articles – Page 36
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Venturing & InvestmentsWayra levels up with co-operative gaming investment
Telefónica open innovation hub puts gaming and e-sports in its investment crosshairs, drawing together fellow venturers for “up to €2m” commitments. Fourteen funds participate in this year’s Coinvestment Day.
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InnovationOpen Future Call I: Telefónica eyes ‘revolutionary’ tech
Open Future hubs across Spain prep for first 2021 intake. Group seeks to highlight role in job creation amid present challenges.
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M&ATelefónica to swap more data centres for Nabiax stake
Four data centres are said to be on the table, with a 20%-stake in Asterion subsidiary Nabiax the price. Nabiax-Telefónica JV reportedly in the pipeline to manage the estate.
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Venturing & InvestmentsYBVR earns extra Wayra investment for XR platform
Extended reality startup raises $1.5m in Pre-Series-A round, with Wayra increasing its initial investment. YBVR’s Verizon partnership bolstered. Wayra continues to bet on AR/VR/XR.
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Products & ServicesTelefónica’s Chema Alonso ‘to drive Spanish press Netflix’
Telefónica Chief Digital Consumer Officer will reportedly lead the project, dubbed the “Netflix of the press”. EU reconstruction funding said to be on the cards.
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Strategy & ChangeTelefónica targets SMEs in Spain’s digital recovery plan
Government pours billions into SME digitalisation programme. Telefónica marshals SME portfolio.
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InnovationTelefónica inaugurates cyber-tech lab in Valencia
Multipurpose research and development unit made public a year after get-go, with local cyber subsidiary playing key role. Telefónica’s innovation network in Valencian Community expanding, increasing engagement with regional partners.
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PremiumTelefónica experiments in 5G Technologies Cities
Palliative care trial with Nokia in Segovia using 26GHz frequencies. Network slicing pilot with Cisco and the University of Vigo in Galicia.
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PremiumTelefónica raises €1bn through sustainable bond issue
Sustainability financing includes social impact and environmental targets. Proceeds to fund fibre networks and connectivity in unserved areas.
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Premium5G and edge added to activation programme
Wayra Acceleration Programme expanding to seek out edge innovation, and leverage Spain’s rapid 5G rollout.
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Strategy & ChangeTelefónica Global Solutions looks to trim headcount
Recently bundled wholesale services unit will offer incentivised early retirement to its over-53s, as part of ongoing contract suspension scheme.
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Partnerships & AlliancesSpain’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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InnovationShaadow steps out of Telefónica’s innovation doorway
Startup lands cash-injection after internal incubation process. Spinoff equipped with ElevenPaths patented tech. Group execs keeping close-eye on operations.
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Strategy & ChangeTelefónica closer to firming up commercial reset
New model seen as necessary for digital services era, encompassing changes around skills, incentives, and flexibility. ‘Commercial careers’ agreement has been a long time coming, but unions say more still needs to be done.
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Strategy & ChangeÁlvarez-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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Venturing & InvestmentsElsewhere in Telefónica Venturing: Wayra buys into retail
Wayra doubles up on retail and fintech focus. Brazilian portfolio trimmed further with LinkApi exit.
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Strategy & ChangeElsewhere in Telefónica’s Core Markets: Vivo-Claro deal gets checked
Vivo’s RAN-sharing agreement with Claro gets unwanted attention from CADE amid competition concerns.
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Venturing & InvestmentsPayflow banks Wayra backing
Salary-on-demand startup Payflow added €400,000 to its Seed round via a strategic investor trio including Wayra. Wayra family grows but with scaleups now in the crosshairs.
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M&AVodafone’s Read coy on Spanish M&A possibilities
“Pragmatic” Vodafone will “always examine opportunities to enhance and strengthen our business”, says Group Chief Executive.
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M&ARumours of Vodafone tie-up with MÁSMÓVIL resurface
But MÁSMÓVIL not necessarily the prey. Renewed media speculation that Spain’s fourth largest operator might acquire Vodafone Spain. Report from Banco Santander says MÁSMÓVIL, under new private equity owners, has the necessary financial clout to pull it off.