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Telefonica prepared to share Mexico network with rivals

2015-09-03 16:05:00| Telecompaper Headlines

(Telecompaper) Telefonica is prepared to reach network sharing deals with rivals such as AT&T and America Movil with a view to boosting its performance in Mexico, according to Chief Operating Officer Jose Maria Alvarez-Pallete. Speaking at the XXIX telecommunications and digital economy meeting in Santander, Alvarez-Pallete said the company "has the obligation to explore possibilities" in Mexico, including sharing networks with AT&T or accessing towers from Telesites, the recently spun off towers business of America Movil. "We can't intend to grow in Mexico without having a good network and we are light-years away from it. So, what has to be expected from us in Mexico is strong investments, and potentially agreements to access towers or for combined creation of infrastructure," he said, according to Bloomberg.

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Vivendi heads for Brazil exit with two Telefonica deals

2015-07-31 02:00:00| Total Telecom industry news

French company says it intends to pursue strategic partnerships in Europe.

Tags: deals brazil exit heads

Vivendi sells Telefonica Brasil stake for USD 877 mln

2015-07-30 12:53:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has announced the sale of its remaining 4 percent stake in Telefonica Brasil for USD 877 million. The company's move comes a day after it agreed to exchange another 3.5 percent stake in the Brazilian operator for a 0.95 percent stake in the unit's parent company, Telefonica. Vivendi had acquired the 7.5 percent stake in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica, which also ceded an 8.24 percent stake in Telecom Italia to the French company. However, Brazil's competition authority CADE ruled that Vivendi couldn't continue as an indirect shareholder in Telecom Italia's Brazilian unit TIM Brasil as well as Telefonica Brasil. The French media giant has now proceeded to exit Telefonica Brasil through the share swap and sale, while becoming Telecom Italia's largest shareholder with a 14.9 percent stake.

Tags: usd brasil sells stake

Telefonica revenue growth improves in Q2

2015-07-30 09:46:00| Telecompaper Headlines

(Telecompaper) Telefonica reported second-quarter revenues up 12.4 percent to EUR 11.876 billion, driven by takeovers such as E-Plus in Germany, GVT in Brazil and DTS in Spain, as well as improving sales trends in its home market Spain. OIBDA rose 6.8 percent to EUR 3.702 billion, while the margin fell to 31.2 percent from 32.8 percent a year ago due to the consolidation of GVT and DTS. On an organic basis, excluding currency effects, revenues rose 4.4 percent and OIBDA was up 3.3 percent. Net profit jumped 70.4 percent to EUR 1.891 billion, after O2 UK was classified as discontinued activities ahead of the planned sale to Hutchison Whampoa. Telefonica adjusted its full-year outlook to take account of the acquisitions and now expects revenue growth of 9.5 percent of higher versus over 7 percent growth previously. The OIBDA margin is now expected to fall by around 1.2 percent points, versus an earlier estimate of 1 point, due to the lower margins at DTS and GVT. The company still expects capital expenditure at around 17 percent of revenues, after a figure of xx percent in the first half of the year, and net debt is expected to fall to less than 2.35 times EBITDA after the sale of O2 UK. At the end of June, net debt was at 2.92x, or 2.38 if the expected proceeds from O2 are included.

Tags: growth revenue improves q2