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Key Developments: Telefonica SA (TEF.MC)

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Latest Key Developments (Source: Significant Developments)

Vodafone CEO says focusing on improvement in UK customer service
Tuesday, 17 May 2016 03:02am EDT 

Vodafone : Shares up 2.2 after full-year results, issues in-line guidance . Ceo vittorio colao says focusing on improvement in uk customer service, back to full strength in h2 . Ceo colao says european commission didn't have any option but to block o2-three merger in uk . Ceo says o2-three decision will have no ramifications on wider european consolidation . Ceo vittorio colao says will continue with organic plan in uk, but "will watch what's going on" in market regarding m&a Further company coverage: [VOD.L] (Reporting By London Bureau) ((uk.online@reuters.com; +44 20 7542 7717;)).  Full Article

Prisa closes sale of DTS to Telefonica at 725 million euros
Friday, 13 May 2016 12:12pm EDT 

Promotora de Informaciones SA :Says closes sale of its stake in Distribuidora de Television Digital SA (DTS) to Telefonica de Contenidos at final price of 724.6 million euros.  Full Article

Telefonica says to reflect on future of business in Britain
Thursday, 12 May 2016 08:53am EDT 

Telefonica Sa : Telefonica says to enter period of reflection on future of business in Britain. . 'After receiving the decision of the regulator, we will now enter a period of reflexion to decide what is the future of our business in the United Kingdom," said Telefonica Chairman Jose Maria Alvarez-Pallete. . The European Union on Wednesday blocked CK Hutchison Holdings' <0001.HK> bid to buy O2 UK from Telefonica. [ID:nL5N1882OO] Further company coverage: [TEF.MC] (Reporting By Sonya Dowsett) ((sonya.dowsett@thomsonreuters.com;)).  Full Article

Apax Partners,CVC Capital Partners, KKR examining bid for Telefonica's O2 unit- Sky News
Thursday, 12 May 2016 06:53am EDT 

:Apax Partners,CVC Capital Partners and KKR are examining possible bid for Telefonica's O2 unit - Sky News.  Full Article

CK Hutchison updates on O2 UK mobile bid<0001.HK>
Wednesday, 11 May 2016 06:06am EDT 

CK Hutchison Holdings Ltd <0001.HK>: Commission announced its decision to prohibit the transaction under the European union merger regulation . Refers to potential acquisition of O2 UK subscription by co-investors of shares in the combined business of 3 UK and O2 UK . Company is studying the commission's decision . As a result of the commission's decision, and as the conditions precedent to completion of the transaction will not be waived or satisfied . Company studying commission's decision; will consider all options including possibility of an appeal against the decision to European Union General Court . Purchase agreement will terminate on 30 June 2016 .  Full Article

Spain's Telefonica sticks to dividend policy after EU veto of O2 sale
Wednesday, 11 May 2016 06:00am EDT 

Spain's Telefonica :Says it was sticking to its dividend policy and its financial targets after the European veto of the sale of its 02 unit to Hutchison <0001.HK>.  Full Article

Telefonica via its unit issues 2.75 bln euro bonds on Euromarket
Wednesday, 6 Apr 2016 12:13pm EDT 

Telefonica SA:Says via its unit, Telefonica Emisiones SAU, it has issued bonds of 2.75 billion euros on the Euromarket under Guaranteed Euro Programme for the Issuance of Debt Instruments.The issue is divided in two parts.The first part in the amount of 1.40 billion euros, maturity on April 13, 2022 and annual coupon of 0.75 percent.The second part in the amount of 1.35 billion euros, maturity on April 13, 2026 and annual coupon of 1.46 percent.Payment and closing of the issue is scheduled on April 13.  Full Article

Telefonica says Cesar Alierta to step down as executive chairman
Tuesday, 29 Mar 2016 06:33am EDT 

Telefonica SA:Says Cesar Alierta will step dow as executive chairman of the company.Board of directors will analyse appointment of Jose Maria Alvarez-Pallete as new executive chairman in its next meeting to be held on April 8.Alierta will remain in board of directors of Telefonica and maintain his position as executive chairman of Fundacion Telefonica.  Full Article

Internexa signs deal to use Telefonica SA's new submarine cable
Tuesday, 15 Mar 2016 08:00pm EDT 

Telefonica SA:Says ‍Internexa, a telecommunications company part of Colombia’s ISA Group, signs agreement to use Telefonica's new submarine cable BRUSA.BRUSA will connect Brazil and the United States ​.  Full Article

Telefonica SA to link Brazil and US with new submarine cable
Tuesday, 8 Mar 2016 07:00pm EST 

Telefonica SA:Announces ‍deployment of BRUSA, a new submarine cable nearly 11,000 km in length linking Rio de Janeiro and Fortaleza (Brazil) with San Juan (Puerto Rico) and Virginia Beach (US).Says the ‍cable is expected to begin operations in early 2018.  Full Article

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EU states approve plans to coordinate key mobile spectrum

BRUSSELS EU member states approved plans on Thursday to coordinate the roll-out of a key spectrum across the 28-nation bloc to provide faster mobile broadband speeds and improve access to Internet services, including in remote areas.