Telefónica Regulatory & Compliance – Page 7
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PremiumElsewhere in UK: VM O2 augments EV fleet
VM O2 augments EV fleet; becomes founding member of National Databank to provide free data to low-income households.
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Network & InfrastructureCNMC backs Telefónica on ‘irregular’ duct occupation
New rules will see Telefónica able to cut off operators that install cables without permission. CNMC employs MARCo regulation to draw up three new procedures.
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PremiumElsewhere in Telefónica Group: operator in line for tax refund
Ecosystem building in quantum and cloud data; tax refund boost
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Strategy & ChangeTelefónica offers redundancy plan to almost 3,000 staff
Unions still not satisfied with latest redundancy offer. Group offers a higher pay increase of 1.5% for 2023.
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Public AffairsEricsson loses latest skirmish in Telefónica Avatar saga
Ericsson blocked from unilaterally changing working conditions for employees transferred from Telefónica in 2010 in conjunction with the AltamirA platform acquisition. A renewed deal linked to the platform removes Telefónica’s minimum spend commitment.
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Content & TVMovistar, DAZN secure five-year La Liga deals
La Liga generates €4.95bn in revenue from new round of concessions. Movistar’s controversial agreement on hold ahead of talks between Telefónica and regulator CNMC.
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OperationsTelefónica presents redundancy plan to Spanish unions
Union negotiations begin over new phase of headcount reduction. Reports suggest more than 3,000 staff will be offered voluntary redundancy, although eventual job cut total expected to be lower. Move comes amid ongoing competition and inflation concerns.
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M&ASpain shields Telefónica as KKR’s TI bid makes waves
Spanish government reinforcing restrictions that would halt hostile bids for Telefónica until 2023. Europe’s telco sector awash with bid speculation as KKR pursues TI, and Indian conglomerate Reliance Industries is linked to a BT bid.
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Strategy & ChangeElsewhere in Hispanoamérica: Chilean rivals team up
Rivals team up in Chile; Telefónica Mexico builds out its third-party coverage.
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Strategy & ChangeTelefónica preps for 2,000+ job cuts — reports
Spanish operations look set for voluntary redundancy scheme rollout, according to multiple sources. Continuation of ongoing headcount reduction programme expected to be in place by mid-2022 following union negotiations later this month.
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PeopleDunne moves upstairs as Brouillette takes lead at Verizon
Former O2 UK CEO steps aside as head of Verizon’s fixed-mobile consumer business. New role will see Dunne act as Strategic Advisor to Verizon Chairman. Change comes as new allegations linked to O2’s role in Phones 4u demise continue to emerge.
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Network & InfrastructureVivo picks up Brazilian 5G spectrum
Brazilian operator among 15 participating in spectrum bidding. Long-awaited auction includes frequencies across a handful of 5G-friendly bands. Interest from new entrants poses competitive impact questions, with new national MNO now in the mix. Vivo opting for multi-vendor approach to its standalone core.
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PremiumTelefónica people moves: Group seeks strengthened government relations
Juan Montero takes over public policy and competition remit, with reshuffled reports in support. A direct swap on the Group’s Board sees María Rotondo Urcola fill Sabina Fluxà Thienemann’s shoes. Vivo names a successor for its vacant CIO spot. VM O2 builds out a marketing team to grow its ...
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M&ATelefónica’s El Salvador sale under review by regulator
$144m deal cannot go ahead without authorisation. SC has 90 business days to reach a decision.
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Strategy & ChangeElsewhere 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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Strategy & ChangeElsewhere in Telefónica Hispanoamérica: regulatory headaches in Argentina & Peru
Regulatory decisions go against Telefónica in Argentina and Peru.
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Public AffairsTelefónica on edge as rambunctious Peru government beds in
Reports highlight fears that multinationals in Peru may face tougher opposition in trading and taxation disputes as the new Peruvian administration develops its strategy under a strongly left-leaning President. Risks the future of a local Telefónica InfraCo; could face complications in a challenging political climate.
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Products & ServicesGovertis added to Telefónica’s Peru line-up
Cyber consultancy and Telefónica acquisition bolsters Telefónica Tech Peru portfolio. Movistar Empresas to offer compliance and risk services.
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Public AffairsFour years later, O2 UK bribery probe hits headlines
Sunday Telegraph report highlights an investigation into alleged corruption among O2 UK management. Claims appear linked to alleged abuse of the O2 UK incentive scheme, first identified in 2017, which prompted a significant overhaul of the operator’s anti-corruption policy and procedures.