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Telefonica loses Cade appeal, considers Brazil options

2014-06-06 09:19:00| Telecompaper Headlines

(Telecompaper) Telefonica has lost its appeal against the ultimatum issued by Brazil's anti-trust regulator, Cade, at the end of 2013 to scale back its influence in the Brazilian telecoms sector. In a decision issued on 05 December, Cade ordered Telefonica to either sell its interest in TIM Participacoes (Tim Brasil), the local unit of Telecom Italia, or find a new partner for its own Vivo unit. The regulator also confirmed a fine of BRL 15 million imposed on Telefonica for breaching a performance agreement signed in 2010, in which the Spanish group agreed not to participate in TIM Brasil's management decisions or raise its stake in Telecom Italia. Telefonica has a timeframe of 18 months in which to comply with Cade's ruling. However, according to Brazilian daily Estadao, Telefonica is now considering taking the matter to the civil courts on the grounds that the agreement to raise its stake in Telecom Italia through investment vehicle Telco will not have repercussions on the Brazilian market, since the corresponding shares are without voting rights. The situation is complicated by the fact that the Telefonica-led Telco partnership is due to be unravelled later this month, with two of the Italian shareholders, Generali and Mediobanca, planning to exit the holding.

Tags: options brazil appeal considers

Telefonica loses appeal over Vivo, TIM Brasil ownership

2014-06-06 02:00:00| Total Telecom industry news

Spanish incumbent expected to go to court in bid to prove that increasing its Telecom Italia stake will not hurt competition in Brazil.

Tags: brasil ownership tim appeal

Telefonica, Telecom Italia clash over Brazil situation

2014-06-02 02:00:00| Total Telecom industry news

Spanish incumbent reportedly still pushing for break-up of TIM Brasil.

Tags: situation italia brazil telecom

Telefonica partners with Red Hat, Intel on NFV development

2014-05-28 11:21:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced plans to work with open source provider Red Hat and Intel on the creation of a virtual infrastructure management (VIM) platform based on open source software running on standard Intel-based servers. The research is part of Telefonica's recently created Network Functions Virtualization (NFV) Reference Lab aimed at helping its industry partners and network equipment providers test and develop virtual network functions along with upper service orchestration layers. Telefonica, Red Hat, and Intel will each commit engineering and testing resources in open collaboration with partners and the open source community to enable these technologies to achieve the levels of performance and functionality NFV workloads require to make the vision of the 'Open Digital Telco' a reality.

Tags: development red hat partners