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Telefonica negotiating possible sale of O2 to BT - report
2014-11-24 10:15:00| Telecompaper Headlines
(Telecompaper) Telefonica is in talks to sell its O2 mobile operations in the UK to BT in exchange for a 20 percent stake in BT, according to various unnamed Telefonica sources cited in Spanish website El Confidencial. The deal would be part of a "strategic alliance" to create a giant European operator able to compete with AT&T, should the US company complete its proposed acquisition of a major European operator. The report adds that the talks between Telefonica and BT are at an "advanced" stage, but no final deal has been reached. Last week Telefonica COO Jose Maria Alvarez-Pallete said at a Morgan Stanley conference in Barcelona that the company was leaving all its options open, including the sale of O2, if the UK were to evolve toward a convergent market in the future, with customers signing up in increasing numbers for fixed-line, mobile and TV services.
Tags: to
report
sale
negotiating
KPN not wedded to keeping Telefonica Deutschland stake
2014-11-20 01:00:00| Total Telecom industry news
Dutch telco still reviewing its options for German holding, CEO says.
Tags: deutschland
keeping
stake
telefonica
Telefonica organic growth accelerates to 2.8% in Q3
2014-11-12 08:48:00| Telecompaper Headlines
(Telecompaper) Telefonica reported an acceleration in organic growth in the third quarter, helped by stabilising results in its home market Spain and solid growth in key Latin America markets such as Brazil and Mexico. Revenue rose 2.8 percent on an organic basis to EUR 13.02 billion, and adjusted OIBDA was up 0.8 percent to EUR 4.27 billion. The company attributed the organic growth to a 14.1 percent rise in sales at Telefonica Hispanoamerica and 25.3 percent increase in mobile data revenues. On a reported basis, the figures were still 7.4 and 8.7 percent lower respectively, due to negative currency effects and the sale of operators in Ireland and Czech Republic. The company's net profit declined 13.0 percent to EUR 947 million. Telefonica increased capital expenditure 26.2 percent in the first nine months of the year to EUR 5.74 billion, as part of efforts to improve customer experience and network quality. This left operating cash flow at EUR 6.56 billion. Net debt was reduced by EUR 2.6 billion in the last quarter to EUR 41.20 billion. Since then the acquisition of E-Plus in Germany and the sale of the stake in China Unicom and the rest of O2 Czech republic resulted in net debt increasing to EUR 44.88 billion, or 2.52 times annual OIBDA. Executive chairman Cesar Alierta said the company was preparing the ground for future growth, with the completion of the E-Plus deal and acquisition of GVT in Spain. The operator reiterated its forecast for full-year organic revenue growth of around 0.4 percent and the dividend.
Tags: growth
organic
q3
telefonica
Telefonica Q3 revenue grows 2.8%, earnings hit by forex losses
2014-11-12 01:00:00| Total Telecom industry news
Spanish incumbent reports strong growth in high-value fixed and mobile customers.
Tags: hit
revenue
losses
earnings
Telefonica to sell China Unicom stake for USD 875 mln
2014-11-10 15:22:00| Telecompaper Headlines
(Telecompaper) Telefonica is looking to sell around half of its five percent stake in Chinese mobile operator China Unicom for as much as USD 875 million. The Spanish group is offering 597.8 million China Unicom shares at HKD 11.14 to HKD 11.34 each, according to Bloomberg, which represents a 1.2 percent to 3 percent discount on the Chinese operator's last closing price in Hong Kong. Telefonica has been present in the Chinese telecommunications market since 2005 when it first acquired a 3 percent stake in China Netcom, which was then sold to Unicom in 2008. The Spanish operator then increased its stake in China Unicom to almost 10 percent in 2011 before selling around half of its shareholding in June 2012 for some USD 1.4 billion. Over the past two years Telefonica has been divesting businesses in countries such as Ireland and the Czech Republic to raise funds for acquisitions in core markets including Germany and Brazil.
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