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Telefonica And Liberty Global Announce CEO And CFO For Proposed UK Joint Venture Between O2 And Virgin Media
Virgin Media's Lutz Schuler Will Be Named As CEO Of Its Joint Venture With O2 - Sky News
Telefonica To Propose Shareholder Compensation Via Scrip Dividends
Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company's services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company's operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela, Ecuador and Uruguay). These segments are engaged in activities relating to wireline, wireless, cable, data, Internet and television (TV) businesses and other digital services in accordance with each location. It offers a range of mobile and related services and products to personal and business customers. It offers traditional fixed telecommunication services, Internet and broadband multimedia services and data and business-solutions services. It offers a range of digital services, such as Internet of Things (IoT).
Gran Via 28
Jose Maria Alvarez-Pallete Lopez
Executive Chairman of the Board, Chief Executive Officer
Jose Javier Echenique Landiribar
Vice Chairman, Lead Independent Director
Jose Maria Abril Perez
Vice Chairman of the Board
Isidro Faine Casas
Vice Chairman of the Board
Laura Abasolo Garcia De Baquedano
Chief Finance and Control and Corporate Development Officer
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Britain's competition watchdog said on Wednesday it had provisionally cleared the 31.4 billion pound ($43.3 billion) merger between broadband company Virgin Media and Telefonica's UK mobile network O2.
Virgin Media's boss, Lutz Schuler, will be named on Wednesday as the chief executive of the British broadband company's joint venture with the Telefonica SA's UK mobile network O2, Sky News reported on Tuesday.
Virgin Media's boss, Lutz Schuler, will be appointed chief executive of the British broadband company's proposed joint venture with the Telefonica SA's UK mobile network O2, the companies said in a joint statement on Tuesday.
The Brazilian unit of Spanish telecom Telefonica SA said on Tuesday that it had agreed with Canadian pension fund CDPQ to create a joint venture to develop a "neutral and independent" wholesale fiber optic network in Brazil.
Telefonica is in exclusive talks with a financial investor about forming a joint fibre optic venture in Brazil, Chief Operating Officer Angel Vila said on Thursday.
Telefonica has cut its dividend after reporting a 10% fall in 2020 earnings even though the Spanish telecoms group expects its business to stabilise this year.
Telefonica is seeking a partner like U.S.-based American Tower for part of a fibre optics network expansion it is planning in Brazil, Chief Operating Officer Angel Vila said on Thursday.
Telefonica's UK mobile network O2 was fined 10.5 million pounds ($14.49 million) by Ofcom on Friday, with the British regulator saying some customers leaving the provider were overcharged because of billing errors.
Shares in Telefonica soared on Wednesday after the Spanish group said it had agreed to sell its mobile phone masts in Europe and Latin America to American Towers for 7.7 billion euros ($9.41 billion) in cash.
Vodafone said it would put its 50% stake in Cornerstone, its UK towers joint venture with Telefonica, into its new European infrastructure unit Vantage Towers after reaching a new commercial agreement with the Spanish company.
Britain on Friday said it had referred the merger between broadband company Virgin Media and Telefonica's UK mobile network O2 to an in-depth competition investigation.
Cellnex, the Spanish telecoms infrastructure company, would be interested in buying into Telefonica's mobile towers business should the opportunity arise, CEO Tobias Martinez said on Thursday.
The European Commission has referred to the UK competition authority the review of Liberty Global's <LBTYA.O> and Telefonica's <TEF.MC> plan to merger their British businesses.
UK competition watchdog CMA is set to take over the review of Liberty Global <LBTYA.O> and Telefonica's <TEF.MC> plan to merge their British businesses, with EU antitrust regulators ceding the case to them, according to a person familiar with the matter.
Spanish telecom giant Telefonica <TEF.MC> is readying an alliance with the private equity arm of German insurer Allianz <ALVG.DE> to finance a 5 billion euro infrastructure investment in Germany, Spanish newspaper Expansion said on Monday.
EU antitrust regulators will decide by Nov. 5 whether to clear Liberty Global <LBTYA.O> and Telefonica's <TEF.MC> $38 billion British tie-up to challenge market leader BT <BT.L>, a European Commission filing showed on Wednesday.
Telecoms group MasMovil launched a trial of next-generation 5G Internet services in 15 Spanish cities on Wednesday, hot on the heels of rivals Telefonica and Orange.
French telecom giant Orange started on Monday offering 5G service in five of the largest Spanish cities, less than a week after rival Telefonica rolled out its own service in the whole country.
America Movil <AMXL.MX> on Thursday said it was cancelling by mutual agreement a contract with Spain's Telefonica <TEF.MC> to buy its El Salvador unit, Telefonica Moviles El Salvador, blaming regulatory hurdles.
Spain's Telefonica <TEF.MC> launched its national 5G network on Tuesday, promising to bring the the next-generation mobile internet service to 75% of the population this year.
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