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Last week in telecoms: rumours of a Deutsche Telekom/Orange merger, new action plan for Telefonica

2019-12-02 07:00:00| Telecompaper Headlines

(Telecompaper) There was major news concerning the largest incumbents of Europe, Deutsche Telekom, Orange and Telefonica, in week 48. Infrastructure dealings and a number of unlisted companies demanded some attention as well. The Telecompaper European Telecom Services index ended the week up 0.7%. The EuroStoxx 50 index was up 0.4 percent. As a result, the year-to-date underperformance of the telecoms sector was stable at around 14 points. There were two double digit winners, Tele Columbus (+28%) and Syn (Vodafone Iceland, +14%).

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Npower plan 'threatens thousands of UK jobs'

2019-11-29 08:41:47| BBC News | Business | UK Edition

Up to 4,500 UK jobs could be cut as the energy firm seeks to reform its business, unions say.

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Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany

2019-11-28 09:23:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point plan to generate more than EUR 2 billion a year in additional revenues from 2022 onwards involves prioritising its four key markets of Spain, Brazil, Germany and the UK, carrying out an "operational spin-off" of its Latin American business and setting up a subsidiary for its cloud, cybersecurity and Internet of Things (IoT) businesses called Telefonica Tech and another for its infrastructure assets called Telefonica Infra.

Tags: business plan uk germany

 

Item 1127 Previously 1085 Exhibit C Comp Plan Map

2019-11-28 01:07:23| PortlandOnline

PDF Document, 3,358kbCategory: Current Agenda & Pending Items

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Telefonica reveals 5-point plan to boost revenues by 2bn

2019-11-28 01:00:00| Total Telecom industry news

International telecoms giant, Telefonica, has unveiled a 5-point plan to streamline its business operations and generate an additional €2 billion in new revenues by 2022. In a letter to the company's shareholders, Telefonica's chairman and CEO, José María Álvarez-Pallete, said that the current competitive climate meant that the company must look to cut costs and work more efficiently where it could, if it was to reinvigorate its bottom line. “Companies that do not assume their responsibility in this new world will cease to be relevant in the short term. Executives who are not committed to the long term and sustainability are not being responsible…read more on TotalTele.com »

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