Telefónica Regulatory & Compliance – Page 5
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Public Affairs
Telefónica España facing ‘sharp rise’ in salaries
Spanish operator’s wage structure reportedly forces it to match inflation.
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Operations
Brazil’s Oi demands buyers set aside cash in valuation dispute
Operators seemingly surprised by court order that requires BRL 1.5bn to be placed in holding account while valuation dispute resolved.
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Public Affairs
Virgin Media O2 offers pay rise as BT workers take to picket line
Cost of living payments to be provided for VMO2 staff with a base salary of £35,000 or less.
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Financial & Performance
CaixaBank rejigs stake in Telefónica
CaixaBank reduces holding in Telefónica to 3.49%, reportedly netting it a €40m capital gain.
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Premium
Elsewhere in Telefónica Core Markets: Deloitte selected to re-audit Telefónica España accounts
Deloitte wins deal with Spanish regulator to re‑audit Telefónica’s accounts; UK call centre staff reject pay offer.
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Public Affairs
Telefónica fined €5m after failing on DTS commitments
Spanish regulator CNMC fines telco for breaching terms of DTS deal.
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M&A
Buyers of Oi mobile assets demand discount
Telefónica, Claro, and TIM slap Oi with “post-closing adjustment notice”.
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Network & Infrastructure
Vivo sets out 5G SA rollout agenda
Operator plans to launch 5G SA in all state capitals by the end of the year.
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Premium
Elsewhere in Hispanoamérica: Subtel requests explanation over Chilean outages
Chilean telecoms regulator issues RFI regarding widespread outages; Movistar facing reinforced competitor in Colombia following clearance of Avantel–WOM merger.
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M&A
Vivo buys Vita IT to grow network services offer
Brazilian operator’s IT services arm picks up systems integration specialist for an undisclosed fee.
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Public Affairs
Telefónica Peru ‘willing to pay’ hefty €1.4bn tax bill
President Castillo triumphantly claims that Movistar has “agreed to pay its debt to the Peruvian people”.
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Premium
Elsewhere in Spain: coastal 5G network expansion launched
Movistar targets 5G expansion; network used for remote surgery pilot.
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Premium
Elsewhere in Germany: Munich to become “5G capital”
O2 Germany expands 5G coverage to Munich subway; establishes 5G campus network at Technical University of Munich; falls foul of GDPR in North Rhine‑Westphalia.
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Premium
Elsewhere in Telefónica Group: Telefónica chairs ERT meeting
Telefónica chairs European Round Table for Industry meeting at Madrid HQ; launches host of environmental and inclusivity initiatives.
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Partnerships & Alliances
Vivo’s network share deal challenged by rivals
Reciprocal agreement with Winity requires regulatory approval.
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Public Affairs
Telefónica joins Generation Valuable initiative, targets inclusivity drive
Mentoring programme aims to create a “community of disabled talent” to foster inclusivity.
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Public Affairs
Telefónica set for €1bn+ tax refund
Spanish state told to hand over upwards of €1bn to operator for overpaid taxes in decade-long dispute.
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M&A
MÁSMÓVIL and Orange sign merger deal
Proposed merger now expected to close during H2 2023, subject to regulatory approval.
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Public Affairs
Telefónica accused of ‘silencing’ Venezuelan journalism
Spanish operator called out for allegedly bowing to demands of Venezuela’s government.
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Public Affairs
Telefónica calls for reset on EU merger control review
Mónica Sánchez Soliva seeks focus on long-term benefits of telecoms mergers.