Telefónica Strategy & Change
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Financial & PerformanceTelefónica sees early gains in Transform & Grow revival plan
Q1 FY26: Execs at trimmed-down and re-focused Telefónica claim already to be seeing positive results from its new, five-year strategic plan, announced late last year. Operational changes and exits from volatile markets have made the Group smaller, but also given management a more solid and predictable platform for growth, execs argue.
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Financial & PerformanceTelefónica renews savings account
Q1 FY26: Group leadership continues to seek out new sources of efficiencies across the business, as part of Transform & Grow strategy.
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Financial & PerformanceSavings progress drives Telefónica delivery
Q1 FY26: With revenue growth awaiting ramp-up, Telefónica’s progress on spend efficiency keeps Group on track for FY26 guidance…
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Financial & PerformanceTelefónica’s FY26 plan ‘on track’, despite mixed data
Q1 FY26: Telefónica says it is on course to meet goals for the FY after recording forward movement in revenue and earnings in first quarter.
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Strategy & ChangeTelefónica rebrands security unit to reflect defence expansion push
Group implements a defence-focused rebrand at European security division, sending further signals of expansion plans in the sector as other telcos on the continent follow suit.
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Financial & PerformanceTelefónica FY25 spend: Group eyes ‘big year’ on savings
With building blocks now in place for much of Telefónica’s multi-billion-euro ‘totex’ reduction plan, execs promise ‘significant’ progress on savings drive in FY26…
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Financial & PerformanceTelefónica FY25 guidance: cutting towards growth
Telefónica’s progress on spend efficiency enables execs to lay out a faster-than-anticipated uptick in free cash flow during FY26…
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Strategy & ChangeTelefónica’s new local office: London (keeping UK on a closer rein)
In context: reflecting it’s new hands-on, command-and-control strategy, and the UK’s stature as a Core Four market, the corporate outpost reports to the top and will support a “more integrated” approach to overseeing the many billions in local investment…
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Network & InfraO2 automates software upgrades across 5G core
Operator continues hunt for operational efficiencies and improved service reliability with expansion of in-service software upgrade technology in its core network. The implementation is latest move as part of parent Telefónica’s strategy to reach near-full Level 4 network autonomy by 2030…
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PeoplewatchTelefónica boss ends year with a final flourish of axe
Telefónica puts a final paint stroke on 2025’s drastic Exec Team refurnish with the announcement of finance boss Laura Abasolo’s departure. Her exit does not come as a shock given she was last one standing in the top lieutenant line-up of former Executive Chairman José María Álvarez-Pallete…
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Suppliers & SCMTata wins big as Virgin Media O2 outsources IT — report
UK operator said to have signed a billion-dollar deal with Indian IT services giant. VM O2 has been handed a mandate from Madrid to modernise systems and processes, and has mooted a major external sourcing agreement to come…
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Public AffairsUnions call on Telefónica for ‘one last effort’ on strategic reorg
Talks continue between employee reps and bosses over Group’s latest planned round of cutbacks.
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Strategy & ChangeTelefónica aims slap bang in middle in bid for revival
FY25–FY30 Transform & Grow strategy deep dive: Group’s new leadership goes more aggressive and old school with new five-year agenda, targeting corporate centre for billions of euros of savings.
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M&ATelefónica makes another Hispam withdrawal: pockets $380m Ecuador deal
Spanish group secures another wadge of cash to pay down debt by completing a sale of Telefónica Ecuador to regional peer Millicom. While Telefónica cannot get out of Hispanoamérica fast enough, Millicom is bulking its regional business up and out, talking up Ecuador as a “high potential market” with “solid” macro fundamentals.
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Strategy & ChangeTelefónica doing the maths on 1&1 tie-up: report
Report indicates the Spanish group is considering reigniting links with 1&1, Germany’s fourth telco, in a bid to revive its local fortunes. But both face a bewildering range of options (and challenges) as they seek to regain growth…
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Analyst BriefingTelefónicawatch Analyst Briefing: Group vs Gloop as strategy unveil nears
With less than a month to go before Telefónica’s big strategy reveal, the Group continues to appear set for a battle to push through the new agenda, whether with unions and government on cost-cutting plans in Spain, or European decision-makers on consolidation. Exec Chair Marc Murtra has been in Brazil, meanwhile, to raise support for the new plan. Read more…
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Strategy & ChangeUnions want input into Telefónica’s strategic reorg
Employee representatives are said to be seeking information on the likely impact of Telefónica’s upcoming strategic review on its workforce, and pushing for the new plan to include a tech-focused refresh of HR practices.
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Strategy & ChangeVM O2 unifies fixed wholesale in latest B2B rejig
Operator combines consumer and business wholesale functions into a single entity in a bid to reduce complexity and ease customer journeys.
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Strategy & ChangeVM O2 in spotlight as Telefónica confirms NetCo plan scrapped
Telefónica boss says plan to spin out VM O2 network operation is permanently off the table, with the Group’s strategic review prompting the operator to renounce the NetCo-ServCo split model…
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Strategy & ChangeTelefónica to take more ‘calculated risks’ in new strategy, says Murtra
Telefónica’s strategic review is now expected in the fourth quarter this year, as Executive Chairman Marc Murtra envisions more risk taking and calls for a “social contract” with the European Commission that enables national consolidation in exchange for investment.