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Telefonica brings in banks for Telxius IPO

2016-05-23 02:00:00| Total Telecom industry news

Report claims Spanish incumbent to float infrastructure unit in July in bid to cut debt.

Tags: banks brings ipo telefonica

 

Telefonica to 'reflect on future of UK business' - chairman

2016-05-13 09:52:00| Telecompaper Headlines

(Telecompaper) Telefonica has confirmed that it will stick by its promise to pay a dividend of EUR 0.75 a share this year even after the European Commission blocked the proposed sale of its O2 UK business to Hutchison. In the first annual general shareholders meeting chaired by new chairman Jose Maria Alvarez-Pallete, the company approved the dividend, with a first payment of EUR 0.35 per share to be paid in November and a second payment of EUR 0.40 per share to be distributed during the first half of 2017. Telefonica's chairman added that the company's financial targets remained unchanged even though it had hoped to use the proceeds from exiting the UK market to reduce its debt. "After receiving the decision of the regulator, we will now enter a period of reflection to decide what is the future of our business in the United Kingdom," he said.

Tags: business uk future reflect

 
 

Telefonica, Red Hat sign global mobile app development deal

2016-05-06 13:43:00| Telecompaper Headlines

(Telecompaper) Telefonica Business Solutions, the B2B unit of Spanish telecoms operator Telefonica, has announced an agreement with open source software provider Red Hat to establish the Red Hat Mobile Application Platform as the mobile development reference platform for the entire Telefonica Group worldwide. As a result, all Telefonica units will use the platform to help business customers mobilise their business processes on the path to digital transformation. In a statement, Telefonica said a collaborative approach to mobile, enabled by open standards-based technologies such as Red Hat's platform, can help companies develop mobile apps that transform the way they do business. The company has been using Red Hat's platform in some markets since 2012 as part of its Enterprise Managed Mobility offering.

Tags: sign development red hat

 

Telefonica adds 94,000 pay TV subscribers in 1Q 2016

2016-04-29 11:30:07| Digital TV News

Telefónica (NYSE:TEF) (LSE:TDE) has announced results for the first quarter of 2016. Video revenues totaled 665.4 million euros, up 17.3% vs. the first quarter of 2015. Pay TV accesses totalled 8.4 million at March (4.5 million satellite TV).

Tags: pay adds subscribers telefonica

 

Telefonica Q1 results fall on negative forex impact

2016-04-29 08:42:00| Telecompaper Headlines

(Telecompaper) Telefonica reported a drop in first-quarter results due to negative currency effects, but said its underlying growth rates were improving. Revenues fell 6.6 percent to EUR 10.784 billion, as growth in Spain was offset by lower results in Germany and Latin America. OIBDA declined 6.7 percent to EUR 3.376 billion, giving a dtable margin of 31.3 percent. Net profit fell 56.9 percent to EUR 776 million. Capital expenditure fell 10.6 percent to EUR 1.503 billion, and operating cash flow was down 3.3 percent to 1.873 billion. 

Tags: results fall impact negative

 

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