All Telefónica Core Markets articles
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Financial & PerformanceTelefónica 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.
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Strategy & Change
Elsewhere in Telefónica Core Markets: O2 Business launches Managed Microsoft 365
Regulatory battles continue in Spain with mixed results; Movistar scores Italian football rights renewal.
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Financial & Performance
H1 FY21: Telefonica seeks rationality at its core
Core markets showing progress as the worst effects of the pandemic begin to recede. Steady move towards converged services across all markets reflects continued pursuit of a valuefocused strategy as digital services begin to proliferate. Spanish flagship leading the way on strategy, but still experiencing a tough competitive market. ...
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Strategy & Change
Elsewhere in Telefónica Core Markets: German 5G rollout update
German OB advances 5G rollout; customer rewards scheme launched in Spain after successful trial; VM O2 reinforcing green credentials.
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People
Vivo CIO segues into FiBrasil top job
Telefónica’s new FibreCo JV names Vivo veteran as CEO. CIO vacancy opens up at Brazil OB.
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Partnerships & Alliances
Movistar gives fitness startup Volava distribution leg up
Wayra interest Volava taps into Spanish OB’s customer base, with flexible payment options for its hardware. Movistar raises possibility that early‑stage link‑up could be expanded upon, as startup pounces on COVID‑19 ‑spurred exercising‑at‑home trend.
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Strategy & Change
Elsewhere in Telefónica Core Markets: CADE approves Vivo-Claro network-sharing agreement
Network sharing cleared with Claro in Brazil; 5G MVNO nears in Germany; Aviva joins Project Darwin CAV research.
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M&A
In detail: Liberty and Telefónica’s VM-O2 pre-nup
Three-year wait expected before a potential IPO of new joint venture, while both parties expected to remain involved in the business for at least five years. Telefónica reserving its right to go it alone in UK on IoT, cloud, and cybersecurity services. Liberty to get a board presence at ...
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Strategy & Change
Elsewhere in Telefónica Core markets: Zalaris banks payroll contract
Payroll contract awarded in Germany ; Vivo hones in on financial services, cybersecurity takes off in Spain .
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Financial & Performance
Q1 FY21: final coronavirus quarter packs a punch
Spain and Germany OBs stabilise as first wave of coronavirus shocks works its way through results. Vivo displaying underlying strength, but currency fluctuations continue to turn positives to negative. With strong returns on falling revenue O2 UK bows out as a ‘core four’ market Hispam edges back ...
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Financial & Performance
Mystery of Telefónica’s vanishing digital revenue as Tech takes off
Hard‑fought progress at the start to the year looks set to provide a base to hit guidance, with management seeming open to improving outlook as the year progresses. Group keeping its options open on monetising Hispanoamérica interests and its fibre infrastructure in Europe. Telefónica Tech is open ...
