Telefónica Regulatory & Compliance – Page 8
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Public AffairsAlierta era scandal still haunting Telefónica
Telefónica pays €6m into court to cover potential civil liabilities linked to trial of disgraced former advisor Rodrigo Rato. Newspaper speculation portrays Rato’s co-defendant, former Telefónica counsel Sánchez de Lerín, as “the man with the briefcase of secrets” linked to the telco. Rato litigation an ongoing hangover from earlier ...
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PremiumElsewhere in Hispanoamérica: Movistar Peru fails penalty appeal
Telefónica Colombia doubles up on sustainable borrowing; Telefónica Peru back in naughty corner as Osiptel probes unauthorised SIM card vendors.
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M&AOi 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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PremiumElsewhere in Brazil: Vivo signs solar deal with Helexia
Group makes customer satisfaction pledge; Vivo ramps up solar project.
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M&ARegulator approves Oi sale
Decision confirmed, subject to conditions, after Brazilian regulator Anatel postponed ruling last week. A board member had asked for additional time to review sale to a consortium featuring Telefónica|Vivo, Claro Brasil, and TIM Brasil. Final approval still required from competition authority CADE.
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Public AffairsTelefónica handed EC fine for Brazilian non-compete deal
Decade-long proceedings close with Telefónica — along with Pharol — ordered to hand over €79m for antitrust breach. European Commission findings upheld despite yo-yoing, with final charge held for Telefónica and down slightly for Pharol.
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Network & InfraTelefónica’s PangeaCo begins operations in Peru
Telefónica appears to have failed to find an investor for the Peruvian FibreCo. Political situation may have complicated efforts to find a partner.
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Public AffairsOfcom details O2 UK ‘carelessness’ in billing investigation
Regulator publishes 74-page document highlighting the extent of O2 UK feet-dragging in its investigation as to why the operator overcharged customers during a seven-year period. Demands O2 UK review its processes and systems to ensure accuracy and completeness of responses to information requests in future. Restates view that £150,000 ...
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Public AffairsÁlvarez-Pallete warns of dangers of “digital slavery”
Telefónica Executive Chairman asserts that societal imbalance and data exploitation are risks that must be addressed as the world’s economies are digitised. Dire warnings of ‘slavery’ fit with Group commitments on creation of a digital rights framework that would see operators positioned as trusted partners.
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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 & InfraCNMC 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.