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Tag: telefonica
Brazils mobile market consolidates as Oi carved up by TIM, Claro and Telefonica
2020-12-16 01:00:00| Total Telecom industry news
Back in summer, Brazil’s Oi, having struggled under financial pressure for some time now, made plans to split off its mobile business and prepare for a sale. The company sought around 15 billion reais ($2.9 billion) for the unit, with the funds raised to be used to reduce debt and further Oi&rsquo…read more on TotalTele.com »
Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion
2020-12-15 10:34:00| Telecompaper Headlines
(Telecompaper) The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an offer of BRL 16.5 billion (EUR 2.7 billion). The three rivals increased their bid in July and entered exclusive talks with Oi in August. No higher bidders appear to have emerged, allowing the three companies to divide up the business amongst themselves.
Tags: confirm
tim
billion
claro
Nokia, Telefonica trial shows 5G 90% more energy efficient than 4G
2020-12-03 01:00:00| Total Telecom industry news
In the coming years, data traffic is expected to sky rocket, in part due to the widespread rollout of 5G, which will facilitate new data-hungry technologies like the IoT. Typically, with increased data traffic comes increased energy consumption as the networks battle to handle that data. But this is not necessarily the case for 5G…read more on TotalTele.com »
Telefonica confirms JV with Allianz for FTTH roll-out in Germany
2020-10-29 11:16:00| Telecompaper Headlines
(Telecompaper) Telefonica said it has reached an agreement with Allianz to create a joint venture for building a FTTH network in Germany. The new company plans to invest up to EUR 5 billion over a period of six years to deploy fibre for more than 2 million households in rural and semi-rural areas. The joint venture will lay over 50,000 km of fibre network.
Tags: germany
confirms
telefonica
allianz
Telefonica slows sales decline to 12% in Q3, maintains cash flow target
2020-10-29 09:15:00| Telecompaper Headlines
(Telecompaper) Telefonica reported another double-digit decline in revenues in the third quarter, hurt by the Covid-19 pandemic and negative forex effects. Sales were down 12.1 percent to EUR 10.46 billion, compared to a 14.8 percent fall in Q2, while the drop in OIBDA slowed to 2.8 percent to EUR 2.67 billion, after a 25.3 percent drop in the previous quarter. On an organic basis, revenues fell 4.3 percent and OIBDA was down 8.3 percent.
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