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Telefonica SA (TEF.MC)

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

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Latest Key Developments (Source: Significant Developments)

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

Telefonica SA says may halt Spanish fibre optic investment - Reuters
Wednesday, 18 Nov 2015 05:33am EST 

Telefonica SA:Telefonica said on Wednesday it was considering halting investments in its Spanish fibre optic operations after the country's antitrust watchdog recommended it should share the network in some areas - RTRS.The watchdog, known as the CNMC, said in a statement earlier on Wednesday in towns and cities where fewer than three companies were offering the super fast internet, the main operator should share access to its network with rivals - RTRS.It identified 34 towns and cities where this was not the case - RTRS.Telefonica said it was reviewing plans to roll out the fibre optic network as it studied the watchdog's proposal - RTRS.  Full Article

Spain's anti-trust watchdog fines Telefonica SA - Reuters
Wednesday, 14 Oct 2015 08:00pm EDT 

Telefonica SA:Spain's anti-trust watchdog CNMC said on Thursday it had fined Telefonica 5 million euros ($5.7 million) for failing to comply with regulation on renting broadband connections to its competitors for more than four years - Reuters.The CNMC said Telefonica had applied charges and clauses in the rental of ethernet circuits above those established by the regulators - Reuters.Telefonica, with cable networks throughout the country, is obliged to share the grid with competitors at regulated rates and under terms set by the CNMC - Reuters.  Full Article

Astellia signs global framework contract with Telefonica
Wednesday, 7 Oct 2015 02:00am EDT 

Astellia SA:Signs global framework contract with Telefonica.Says the two-year agreement recognizes Astellia as preferred supplier for Telefónica network optimization.  Full Article

Telefonica SA - UK regulator wants EU to hand over Hutchison, O2 case - Reuters
Thursday, 1 Oct 2015 08:00pm EDT 

Telefonica SA:Britain's competition authority has asked EU antitrust regulators to let it examine Hutchison Whampoa's 0001.HK 10.25-billion-pound ($15.6 billion) bid for Telefonica's British mobile unit O2 because the deal would impact the UK most - Reuters.The European Commission has been reviewing the deal, which will reduce the number of mobile operators from four to three, since Sept. 11. That threshold has triggered regulatory alarm bells in past mergers in Denmark, Germany, Austria and Ireland - Reuters.The Competition and Markets Authority (CMA) said it was better placed than the EU enforcer to scrutinise Hutchison's bid to create the biggest mobile operator in Britain by merging its Three UK unit with O2 - Reuters."It is appropriate for the case to be referred to the CMA for investigation because any impact on competition resulting from the merger will likely be limited to UK consumers," the UK agency said on its website - Reuters.Commission spokesman Ricardo Cardoso confirmed the CMA's request, saying the Commission will assess it. It has until Oct. 30 to do so. The EU regulator has rejected similar requests from national agencies in previous telecoms deals - Reuters.Hutchison is ready to sell network capacity and frequencies to fend off antitrust concerns, sources told Reuters last month - Reuters.  Full Article

Telefónica probes Brazil marketing deals for discrepancies -report

SAO PAULO, July 25 Telefonica Brasil SA , the country's largest wireless carrier, is investigating whether contracting practices at its marketing division failed to meet internal guidelines and allowed excessive price discrepancies, Valor Econômico newspaper reported on Monday.