Key Developments: Telefonica SA (TEF.N)

TEF.N on New York Stock Exchange

24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Telefonica SA announces interim dividend
Tuesday, 18 Nov 2014 07:00pm EST 

Telefonica SA:Announces an interim dividend.Says the record date is Nov. 18.Says the ex-date is Nov. 19.Says the payment date is on Dec. 8.Says the option period is from Nov. 19 up to Nov. 27.Says the dividend amount gross is 0.336 euro.Says the default option is shares.  Full Article

Telefonica SA issues 15-year bonds for 800 mln euros-Reuters
Tuesday, 7 Oct 2014 11:31am EDT 

Telefonica SA:Telefonica has issued 15-year bonds amounting to 800 million euros at a spread of 138 basis points over midswaps-Reuters.  Full Article

Vivendi to sell Brazilian unit GVT to Telefonica for cash and shares contribution-Reuters
Friday, 19 Sep 2014 01:38am EDT 

Vivendi SA:Signs final agreement for sale of its Brazilian unit GVT to Telefonica - Reuters.Agreement includes payment of 4.66 billion euros in cash, from which bank debt of about 450 million euros and adjustments in working capital to be deducted.Vivendi is also to receive 7.4 pct of Telefonica Brasil shares and 5.7 pct of Telecom Italia shares.  Full Article

Vivendi SA announces updates on sell of its Brazilian unit GVT to Telefonica SA for cash and shares contribution-Reuters
Thursday, 18 Sep 2014 08:00pm EDT 

Vivendi SA:Announces that it has finalized an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica SA for cash and shares worth around 7.2 billion euros ($9.29 billion)-Reuters.Says the deal is subject to regulatory approval in Brazil.Says under the deal Vivendi SA will get not only a 7.4 pct stake in Telefonica Brasil and 4.66 billion euros in cash.Says but it has also opted to take off Telefonica's hands its remaining stake in Telecom Italia TLIT.MI - 8.3pct of Telecom Italia's voting share capital, or 5.7 pct of its total share capital.  Full Article

Alcatel Lucent SA to deploy 100Gbps optical network for Telefonica SA
Tuesday, 2 Sep 2014 08:00am EDT 

Alcatel Lucent SA:Announces that it has agree with Telefonica SA to deploy a 100 Gbps (gigabits-per second) optical network throughout the north-west, eastern and southern regions of Spain.  Full Article

Telefonica SA expects to close deal for Vivendi SA's GVT by mid-2015-DJ
Friday, 29 Aug 2014 03:07am EDT 

Telefonica SA:Telefonica SA said it expects to complete the 7.45 billion euros acquisition of Vivendi SA's Brazilian unit, GVT, by mid-2015-DJ.Vivendi agreed to enter exclusive talks for the sale of GVT, after Telefonica won a bidding contest over the Brazilian phone operator with Telecom Italia SpA.In a presentation filed with Spain's market regulator, Telefonica said it expects the combination of the two Brazilian units to generate at least 4.7 billion euros in synergies as a result of lower operating and network costs, as well as tax savings and lower financial costs.  Full Article

Telecom Italia SpA acknowledges Vivendi decision on GVT unit entering into exclusive talks with Telefonica SA-Reuters
Thursday, 28 Aug 2014 03:07pm EDT 

Telecom Italia SpA:Telecom Italia said on Aug. 28 it "took note" of the decision by Vivendi to enter into exclusive talks with Spain's Telefonica SA over the sale of the French media company's Brazilian unit GVT-Reuters.Earlier, Vivendi picked Telefonica for exclusive talks over the sale of GVT, spurning Telecom Italia's rival bid.Telecom Italia said it would continue to pursue its development and investment plans in Brazil in line with its 2014-2016 business plan.  Full Article

Vivendi SA receives offers for wholly-owned subsidiary GVT from Telecom Italia and Telefonica
Thursday, 28 Aug 2014 02:24am EDT 

Vivendi SA:Receives two binding offers for wholly-owned subsidiary GVT in Brazil, one from Telecom Italia and another from Telefonica.Says the Telecom Italia offer represents a total enterprise value of 7 billion Euro.Says it includes a part in cash (1.7 billion Euro), a part in Telecom Italia shares(16 pct of share capital and 21.7 pct of voting rights) and and a part in TIM Brasil shares (15 pct).Says the offer expires on Sept. 10.Says Telefonica offer, received last Aug. 4, represents a total enterprise value of 7.450 billion Euro.Says it includes a part in cash, 4.663 billion Euro as well as a part in Telefonica Brasil shares, 12 pct of which about one third can be exchanged at Vivendi's discretion for 5.7 pct of the share capital and 8.3 pct of the voting rights in Telecom Italia.Says this offer expires on Aug. 29.Says the two financial offers also include proposals for content partnerships.Examines the two offers and will decide what actions to take as a result.  Full Article

Vivendi SA receives an offer for GVT from Telefonica SA
Tuesday, 5 Aug 2014 02:26am EDT 

Vivendi SA:Says it has received binding offer from Telefonica SA and Telefonica Brasil SA.To acquire its subsidiary GVT in Brazil for total enterprise value of 20.1 bln Brazilan Real.This offer would be payable partly in cash for about 60 pct of amount and partly in Vivo shares (12 pct of future combined entity) for 40 pct of amount.If this offer was accepted, Vivendi would also have the opportunity to acquire 8.1 pct of Telecom Italia.This offer is subject to definitive agreement and other usual conditions, including approval of relevant regulatory authorities.  Full Article

Telefonica prices bond at up to 1.032 euros/Telecom Italia share-Reuters
Thursday, 17 Jul 2014 02:38am EDT 

Telefonica SA:Telefonica fixed swap price of its 750 million euro Telecom Italia exchangeable bond deal at 0.860 euro to 1.032 euros per Telecom Italia share-Reuters.Bonds will be exchangeable for Telecom Italia shares representing up to 6.5 percent of Italian telecom company's share capital.Following deal, Telefonica will hold between 8.3 percent and 9.4 percent of Telecom Italia's share capital with voting rights.Deal is expected to be completed on July 24.Bonds will have coupon of 6 percent and will mature on July 24, 2017.  Full Article


Telefonica adds fiber optic contracts as regulator mulls action

MADRID - Telefonica retained its grip on Spain's lucrative fiber optic market in October, data showed on Monday, days after the Spanish regulator warned it could force the former telephone monopoly to open up its next-generation network to competitors.

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