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Telefonica SA (TEF.MC)

TEF.MC on Madrid SE C.A.T.S.

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1 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Telefonica SA to issue bonds of 600 mln euros
Wednesday, 2 Mar 2016 11:42am EST 

Telefonica SA:Says the issuance of bonds will ascend to 600 million euros.The bond issue price at 101.25 percent of nominal value.The bonds will bear an annual coupon of 0 percent‍.Says the bonds will have cash conversion option which may be exercised by their holders as of Nov. 9, 2020.  Full Article

Telefonica SA - DJ EU Sets Out Objections to Hutchison's $14 Billion Telefónica U.K. Deal - Dow Jones
Friday, 5 Feb 2016 06:20am EST 

Telefonica SA:European Union has sent CK Hutchison Holdings a statement setting out its objections over the company's planned $14 bln takeover of Telefonica SA's O2, according to people familiar with the matter, on concerns the deal could lead to higher prices and less choice for U.K. consumers - DJ.European Commission, the bloc's top antitrust regulator, has said the sale of O2 to Hong Kong tycoon Li Ka-shing's conglomerate Hutchison would create the largest mobile-network operator in the U.K., potentially removing an important competitor. - DJ.Commission opened a full-blown investigation into the telecoms deal in Oct - DJ.O2 is Britain's 2nd-largest mobile operator, and Hutchison already owns the 4th largest operator, 3 U.K. - DJ.In a statement, Hutchison's managing director Canning Fok on Thursday defended the deal, saying it would be willing to sell fractional ownership stakes in its U.K. mobile network to competitors - DJ.Mr. Fok also said the consolidation of the two companies would lead to a five-year price freeze for consumers and that the merged entity would invest GBP5 bln in the business during that time. Telefónica also said in November that it expected the commission to approve the deal - DJ.It isn't uncommon for the commission to send companies a statement of objections in big merger cases, especially if the acquiring firm hasn't managed to assuage the regulator's concerns since opening the full-blown investigation into the deal - DJ.  Full Article

Telefonica SA - Hollywood studios, Sky spar with EU antitrust regulators - Reuters
Monday, 18 Jan 2016 01:56am EST 

Telefonica SA:NBCUniversal, Disney and 4 other U.S. studios together with Sky UK on Monday rebuffed EU charges of anti-competitive movie-licensing deals in a crucial hearing ahead of a decision later this year - RTRS.The companies' defence at a 3-day closed-door hearing came six months after the European Commission accused them of preventing consumers outside Britain and Ireland from accessing films and other content broadcast by the British pay-TV group - RTRS.Clauses in the deals also prevent other broadcasters from making their pay-TV services available in the UK and Ireland - RTRS.The accusations by the EU antitrust enforcer came amid a campaign to end restrictions hindering cross-border trade, aimed at boosting e-commerce and growth in the 28-country bloc - RTRS.Defenders of territorial licensing, however, say that the system preserves the region's cultural diversity and safeguards fair payment for artists and content providers - RTRS.Other Hollywood studios involved in the case are Paramount Pictures, part of Viacom, Sony, Twentieth Century Fox and Warner Brothers - RTRS.Sky UK and the studios face fines up to 10% of their global turnover if found guilty of breaching EU rules - RTRS.Other participants included Canal Plus, German media ProSieben, Telefonica's DTS unit, the European Producers Club, British Film Institute, Producers Alliance for Cinema and Television, French cinema producers body APC and Italy's cinema and audiovisual group Anica - RTRS.  Full Article

Telefonica SA - EU regulators reject UK bid to examine Hutchison's O2 takeover bid - Reuters
Thursday, 3 Dec 2015 11:54pm EST 

Telefonica SA:EU antitrust regulators rejected on Friday a request by Britain's competition authority to examine Hutchison Whampoa's 0001.HK 10.3-billion-pound ($15.5 billion) bid for British mobile unit O2, saying an EU review would ensure uniform rules - RTRS."The (European) Commission concluded that, given its extensive experience in assessing cases in this sector - RTRS.it was better placed to deal with the transaction and ensure consistency in the application of merger control rules in the mobile telecommunications sectors across the European Economic Area," the EU executive said. - RTRS.The UK Competition and Markets Authority (CMA) had said it was more qualified than the EU enforcer to scrutinise Hutchison's bid to create the biggest mobile operator in Britain by merging its Three UK unit with Telefonica's TEF.MC O2. - RTRS.  Full Article

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Fiber upgrade cost traps Britain in cyber slow lane

LONDON Britons desperate for faster broadband are unlikely to get it from a plan to separate the country's biggest network from BT unless the industry tackles how to pay up to 25 billion pounds ($76 billion) to upgrade to fiber-optic cables.