Telefónica Regulatory & Compliance – Page 9
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Strategy & Change
Elsewhere in Telefónica Hispanomérica: Colombia FTTP drive; Telefónica Peru divests Red Digital stake
FTTP investment continues in Colombia; Telefónica exits digital transaction platform in Peru.
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Public Affairs
National court backs Telefónica over Canal+ deal
Audiencia Nacional rejects claims made by Vodafone Spain and others that 2015 DTS acquisition impedes competition. Expresses confidence in regulator CMMC to monitor pay TV market.
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Premium
Green light for Telefónica Costa Rica exit ‘take two’
Liberty Latin America purchase secures regulatory approval. Telefónica’s drawn-out Centroamérica exit takes another small step forward.
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M&A
VM-O2 sets sights on BT as merger gets final clearance
CMA’s final approval should see deal completed by 1 June. Owners trumpeting investment opportunities with fibre InfraCo potential coming to the fore.
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M&A
CADE makes Vivo wait for share of Oi’s mobile assets
Industry watchdog still inspecting ins and outs of Oi divestment. Closure now expected in early-2022. Consortium partners still confident of being granted go-ahead.
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Strategy & Change
Elsewhere in Telefónica Core Markets: E-Plus review closed
EC ends E-Plus review; German 5G rollout builds; UK taskforce plans for supplier diversity.
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People
Álvarez-Pallete hails Spanish leadership in digital revolution
Telefónica Executive Chairman says Spain is in a “leadership position” in digitisation, but requires a new “framework” to take full advantage. Data underlined as paramount, with a ‘social contract’ needed to ensure privacy and fair valuation.
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M&A
CMA doubts bundle demand as it greenlights VM-O2
Provisional clearance of merger based on limited ability of the partners to manipulate wholesale pricing and services in their favour. Creation of a new fixed-mobile giant not expected to unleash a sudden surge towards single-contract multi-play bundles in the UK market.
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Public Affairs
Vivo in CADE firing line for cartel foul play
Brazilian consortium of Claro, Oi, and Vivo may face fines for alleged cartel practices relating to a 2015 broadband services tender. BT Brasil on the receiving end of supposed competition violations.
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Public Affairs
Telefónica softens Millicom litigation demands
Millicom calls to dismiss legal case ruled out by Supreme Court. Telefónica dampens demands to instead seek damages. Litigation remains in motion.
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Public Affairs
Telefónica sacks security execs in fraud probe: reports
ElevenPaths’ partner relationships under scrutiny as Group looks into dealings within managed security services unit. Report ties investigation with Govertis takeover in 2020, and senior executive reshuffle flagged in February.
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Network & Infrastructure
BNetzA reviewing O2’s 4G catch up claim
OB says it made good on main part of 2020 network expansion promise. But BNetzA yet to verify coverage claims. Difficulties hitting coverage targets along transport routes remain.
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Strategy & Change
Telefónica Global Solutions looks to trim headcount
Recently bundled wholesale services unit will offer incentivised early retirement to its over-53s, as part of ongoing contract suspension scheme.
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Strategy & Change
Telefónica closer to firming up commercial reset
New model seen as necessary for digital services era, encompassing changes around skills, incentives, and flexibility. ‘Commercial careers’ agreement has been a long time coming, but unions say more still needs to be done.
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M&A
Oi firms up mobile deal, Vivo reinforces its market lead
Oi finalises mobile asset sale to three-strong consortium of Claro, TIM Brasil, and Vivo. Oi CFO: regulatory approval expected within the year. Trifecta of assets now divested by in-administration Oi as it seeks route to recovery via fibre.
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Strategy & Change
Elsewhere in Telefónica Hispanoamérica: Peru penalties laid bare
Telefónica Peru remains on naughty step. Play axed from Telefónica Mexico’s content offering.
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M&A
Wholesale power under scrutiny as CMA reviews VM-O2
Proposed JV’s ability to tilt backhaul market in its favour and limit opportunities for MVNOs will be central to competition review. The impact of the deal on the development of providers offering fixed-mobile bundles will receive particular scrutiny. CMA wields new powers post-Brexit, but this is accompanied by greater ...
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M&A
Telefónica seeks suitor with Chile exit in pipeline
Speculative report suggests Group is ready to relinquish interest in a key pillar of its Hispam unit as monetisation plans evolve. Liberty flagged as front runner, although may face regulatory challenges, and other runners and riders not ruled out.
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Network & Infrastructure
UK plots 5G future sans Huawei
BT suggests Adastral Park would be a natural home for parts of the proposed National Telecoms Lab.