All Telefónica Core Markets articles
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Venturing & InvestmentsVivo Ventures primed for investment spree
Telefónica|Vivo’s new CVC shortlists 20 startups.
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Financial & Performance
Telefónica “over-delivering” claims Álvarez-Pallete
Executive Chairman hails Q2 FY22 turnover growth across all Group businesses.
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Operations
Vivo faces hefty bill for fixed-line contract renewal
Arbitration over financial balancing of former fixed-line concessions rumbles on.
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Financial & Performance
Q1 FY22: Telefónica facing challenges with a spring in its step
Strong start to FY22 saw cross-examination on prospect of a quick upgrade on guidance for the year. VM O2 the odd one out as three of Telefónica’s core markets show strengthening operational performance and clear vision for market evolution. Telefónica Tech building momentum, but strategy of buying short-term growth ...
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Operations
Telefónica tightens management focus for Spanish platform play
Previously heralded Industry Verticals unit now up and running as Telefónica implements a more ambitious multi-play strategy. Growing Wholesale business receives dedicated leadership, while regional management will take greater role in supporting B2B sector. Brand manager Serrahima given broader remit to improve customer experience in all sectors.
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Strategy & Change
Telefónica’s Cerdán eyes M&A in Brazil, Germany
Telefónica Tech will also look at moving into markets outside Group footprint. Tech division now has about 4,000 employees. CEO downplays 2019 aims, but highlights unit’s double-digit revenue growth in 2021. No open processes on potential sale of minority stake in division to a financial investor.
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Partnerships & Alliances
Vivo gets ball rolling on Ânima learning JV
Brazilian operator’s Board clears path to creation of new company focused on digital courses. Vivo confirms 50:50 split with partner Ânima Educação. Some bureaucratic hurdles still to overcome.
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Partnerships & Alliances
Telefónica deepens Oracle on-prem cloud ties in Spain
Operator unveiled as host partner for Oracle Cloud Madrid Region. Highlights (again) importance of using in-country data centres to ensure compliance with national data sovereignty regs and help business continuity. Telefónica Tech to offer Oracle Cloud Infrastructure services and boost PaaS offering.
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M&A
Oi mobile sale hits another road bump
Brazil’s Federal Prosecutor’s Office (MPF) representative at antitrust regulator CADE gives thumbs down to proposed sale of Oi Group’s mobile assets to Telefónica|Vivo, Claro Brasil, and TIM Brasil. Non-binding decision cites competition concerns and recommends “administrative proceedings” to investigate collusion among trio to exclude other interested companies. Oi says ...
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Network & Infrastructure
VM O2 seeks partners for £1bn fibre rollout
Telefónica and Liberty Global said to be contacting investors soon. Move would underpin aim to turn JV into “national fixed–mobile champion” to rival BT. Reports say VM O2 wants to bring fibre to seven million extra homes.
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Financial & Performance
Telefónica passes €1bn in shape shifting Tech push
Telefónica Tech division hitting €1bn in annualised revenue flagged as a highlight in Group’s Q3 results presentation. Growth business’s expansion still being significantly driven by M&A, obscuring ‘organic’ progress. Operator maintains rebound from pandemic with growth in earnings and revenue, and confirmation of guidance.
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Operations
Telefónica turning Madrid HQ into digital skills factory
Group ups corporate social responsibility efforts by dedicating real estate to societal pursuit of digital adaption. Talent Hub aims to re-skill 100,000 people per year. Internal skills upgrade high on Group agenda.
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M&A
Telefónica moulds new UK unit for central cloud push
Cancom business, bought in August, becomes “Telefónica Tech UK & Ireland”. New name reflects ambitions to widen out Group’s in-country offering.
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Partnerships & Alliances
Greggs keeps good times rolling with VM O2 partnership
Virgin Media O2–Greggs alliance working “well for both brands”, as telco adds element of differentiation to customer loyalty programme.
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Strategy & Change
Telefónica reorgs retail division and pushes physical sales
Telefónica España’s distribution unit split into three departments, targets efficiency gains. Telyco stores to be given experience-focused facelift to maximise post-COVID high street surge.
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Network & Infrastructure
NEC solidifies SI position in Telefónica’s open RAN push
Japan-based vendor to coordinate live trials in four key markets. German open RAN trial seen as springboard for NEC’s leap into wider Group sphere.
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Network & Infrastructure
Citi said to be charged with Telefónica Spanish infra sale
Rumours continue to circulate around Telefónica’s fibre monetisation plans in Spain. Investment bank understood to have valued Spanish fibre infrastructure at €14bn. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”. Report suggests Group is seeking resources to finance investments in 5G and digitisation. ...
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Strategy & Change
Elsewhere in Telefónica Core Markets: Prosegur JV ties with Santander
AMC Networks files arbitration claim against Telefónica in Spain; security JV Movistar Prosegur Alarmas ties with Santander.
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M&A
Telefónica mulling Spanish infra stake sale?
Rumours circulate that Group is discussing fibre monetisation in Spain. Between five and ten funding vehicles reportedly put hats in the ring, as Group sounds out market interest. Sale speculation comes despite Telefónica classing its Spanish fibre infrastructure as a “strategic asset”.
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Venturing & Investments
Wayra adds e-sports brains to portfolio with Wiper buy-in
Wayra Family unit makes co-investment in Spanish ed-tech platform developer Wiper Gaming. Investment likely to be in line with previously mooted “up-to-€2m” commitment.
