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Enterprise (B2B)

Telefónica Tech opens portal to quantum realm

Next-gen services arm bulks-up portfolio with EaaS add. Multi-purpose potential of quantum encryption tech highlighted. Quiet engagement with Spanish startup bears fruit in new commercial partnership.

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M&A

Bids expected for Telxius subsea cables

Telefónica debt reduction strategy set to extend to submarine infrastructure as buyers are sought for 100,000km cable network. Reports indicate that an agreement is wanted by mid‑2021, with rough valuations standing around the €2bn mark.

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People

Schüler coronated as VM‑O2 CEO

Lutz Schüler, dynamic Virgin Media chief, with a track record at O2 Germany, is to lead the new VM‑O2 joint venture, subject to competition clearance. O2 CFO and experienced merger overseer Patricia Cobian to take on the JV finance role. No room for O2 CEO Mark Evans.

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M&A

Telefónica’s Cerdán has more M&A deals up sleeve

Medium-scale buyouts remain on radar for Telefónica Tech CEO. Bold talk on deal-making forming route to growth goals. Reported souring of Govertis transaction hasn’t put Telefónica off.

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Venturing & Investments

Telefónica interest CyG bags fresh investment

Startup’s funding pot topped up by angel investors. CyG member of Wayra’s Hall of Fame. Cross-industry sustainability drive key to CyG’s growth potential.