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Tag: telefonica
Telefonica to accelerate investment in 2014
2014-02-27 08:31:00| Telecompaper Headlines
(Telecompaper) Telefonica announced plans to boost investment in 2014 in order to take advantage of demand for faster data services and accelerate its sales growth. The company forecast capital expenditure of 15.5-16 percent of revenues this year, versus 14.5 percent in 2013. Revenues are expected to show "positive growth", after a 0.7 percent organic increase last year. The EBITDA margin will remain under pressure, after dropping 1.4 percent points in 2012 and 0.2 points last year. Telefonica said the margin could stabilise this year or fall by as much as 1 point this year if the company decides to spend on commercial opportunities. The Spanish operator also reiterated plans to maintain its dividend at EUR 0.75 per share this year, with EUR 0.35 per share in stock in the fourth quarter of this year and another EUR 0.40 in cash by mid-2015. It met its net debt target for 2013 with a reduction of EUR 5.9 billion to a total EUR 45.4 billion at end-2013, and said it expects this to drop to under EUR 43 billion by the end of 2014. For 2013, the company reported revenues down 8.5 percent to EUR 57.1 billion, and OIBDA fell 10.1 percent to EUR 19.1 billion. Net profit was up 16.9 percent to EUR 4.6 billion, including a EUR 350 million writedown of the stake in Telecom Italia.
Tags: investment
accelerate
telefonica
Telefonica Digital disappears in major restructuring
2014-02-27 01:00:00| Total Telecom industry news
Spanish incumbent shuffles senior management; aims to save 1.5 billion by centralising organisational structure.
Tags: digital
major
restructuring
telefonica
Telefonica simplifies structure, plans EUR 1.5 bln savings
2014-02-26 17:03:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced a major structural reorganization that will see the integration of its Europe, Latin America and digital divisions into a new Global Corporate Centre, with greater visibility handed to local operations with a view to bringing them closer to the group's decision-making centre. The company will also create the new position of chief commercial digital officer, who along with the chief global resources officer will report to COO Jose Maria Alvarez-Pallete. In a statement Telefonica confirmed that Pallete will oversee operations across Europe and Latin America and Santiago Fernandez Valbuena, former head of Latin America, will become strategy chief and remain a board member. The company's CEOs in Spain (Luis Miguel Gilperez), Brazil (Antonio Carlos Valente), the UK (Ronan Dunne) and the yet to be appointed successor to Rene Schuster in Germany will become part of the company's executive committee. Telefonica also announced a EUR 1.5 billion cost-savings programme for the coming years, which doesn't include synergies from its proposed acquisition of German operator E-Plus. The company has sold assets in Ireland, the Czech Republic and China in the past couple of years in an effort to cut debt and improve its financial position and credit ratings.
Tags: eur
plans
structure
savings
Telefonica Germany loses 175,000 mobile customers in Q4
2014-02-26 11:09:00| Telecompaper Headlines
(Telecompaper) Telefonica Germany had a total of 25.2 million customer accesses at end-2013. The mobile base reached 19.401 million, including 10.3 million post-paid and 9.1 million pre-paid mobile customers. This represents a net loss of 175,000 customers compared to September 2013 but 101,000 more customers than at the end of 2012. ARPU was EUR 12.50 in Q4 2013, down 8 percent from EUR 13.60 in Q4 2012. The operator recorded a 6.3 percent fall in wireless service revenues to EUR 743 million in Q4, while wireline sales were down 9.2 percent to EUR 297 million. Group OIBDA was still up 8.8 percent to EUR 373 million, giving a margin of 30.0 percent. Despite a 27 percent increase in capex to EUR 198 million, free cash flow was up 27 percent to EUR 156 million. Telefonica said it still expects to close the acquisition of E-Plus by mid-year, pending clearance from the European Commission for the transaction.
Tags: mobile
germany
customers
loses
Prisa gives Telefonica and Mediaset 15 days to buy Digital+
2014-02-26 10:25:00| Telecompaper Headlines
(Telecompaper) Telefonica and Italian broadcaster Mediaset have a 15-day term in which to decide whether to complete the purchase of satellite pay-TV platform Digital+ from Spanish media group Prisa, reports Europa Press. The ultimatum comes after Prisa informed Spain's market regulator CNMV that the Polanco family, through its Rucandio holding, had lowered its stake in the media group from 31.6 percent to 25.53 percent. As a result, a clause in the shareholders' agreement between the three companies has been triggered and Telefonica and Mediaset, each of which own a 22 percent stake in Digital+, now have 15 days to decide whether to proceed with the acquisition of Prisa's 56 percent share. Prisa has informed the Italian and Spanish companies of the development.
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