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Wireless Federation » archive for 'Telefonica Spain'

Anatel gives green signal to the Oi-BrT deal (Brazil)

  • December 19th, 2008
  • 6:04 am

The Brazilian regulator Anatel has given a green signal to the restriction it had made on the BrT’s takeover by Oi. The deal is worth $2.48 billion and was annouced in April. The total price tag for the takeover is expected to rise to $5.07 billion.
The takeover will bring Oi the strength to compete against the two giants Spain’s Telefonica and Mexico’s America Movil and will hold 70% of the fixed-line market.
   

Telefonica Spain signs 15-year contract to provide mobile service in Ecuador

  • November 21st, 2008
  • 7:06 am

Telefonica Spain signs 15-year contract, worth $206 million, with Ecuadorian government to provide mobile phone service across the nation. Telefonica plans an investment of $400 million for the upgradation of networks and services such as 3G. In September 2007, it was America Movil SAB which signed the same contract for $480 million.
   

Telefonica posts a subscriber base of 189 million at Q3′08 end

  • November 17th, 2008
  • 7:36 am

Telefonica reports a rise in Q3′08 revenues by 5.7% to $ 18.82 billion since ;ast year driven by continous growth in its mobile activities in Latin America. OIBDA fell 15.4% to $7.41 billion and net profits slipped to $2.51 billion, a fall of nearly 50%. driven by one-time gain in the year-earlier period for selling Endemol. Revenues in Latin America rose 14.5% to $7.26 billion, and Telefonica Spain’s revenues increased by 2% to $6.76 billion. Telefonica in Europe posted a 0.6% fall in sales to $4.63 billion. Telefonica subscriber base grew by 6.2 million in Q3′08 ending the quarter with 189 million mobile subscribers.

   

Telefonica Spain secures 96.75% stakes in Telefonica Chile

  • November 3rd, 2008
  • 12:39 pm

Telefonica Spain secures control of 96.75% in Telefonica Chile, aftr it proposed a buyout offer to its shareholders in order to gain control over the Chilean unit. Telefonica, which already held 44.9% of Telefonica Chile before the buyout, had spend around $815 million to buy back shares from shareholders who have agreed to its offer.

   

Telefonica Spain to raise 10% in CTC’s stake (Spain, Chile)

  • October 13th, 2008
  • 8:28 am

Telefonica, Spain, plans to increase it’s offer for Telefonica Chile by 10%. Earlier shareholders had blocked the bid by Telefonica Spain to buy minority shares and take control.

Telecom Italia’s shareholder, Fossatis, increases it’s stake to 5.006% (Italy)

  • September 15th, 2008
  • 11:33 am

Telecom Italia’s second biggest shareholder, Fossatis family, has, reportedly, increased it’s stake in the telco to 5.006% from 4.451%.
The Fossatis has criticized the telco’s CEO Franco Bernabe’s strategy and says that Telefonica Spain taking over the company would be better.

   

Colombian antitrust agency fines America Movil and Telefonica Spain (Colombia)

  • September 10th, 2008
  • 7:52 am

The Colombian antitrust agency fines the Mexico-based America Movil and Spain’s Telefonica. The agency claims that the two operators are charging higher costs when subscribers make phone calls from fixed to mobile network, in order to boost the usage of cell phones rather using fixed lines.

The agency has ordered the two telcos to shell out  COP923 million ($448,100) each.

   

Telefonica Spain to increase it’s stake in China Netcom by 5.74% (Spain, China)

  • September 4th, 2008
  • 8:13 am

Telefonica Spain has agreed to higher it’s stake in China Netcom by nearly 5.74%.

The deal will be divided into two stages, in which during the first stage the costing around 368 million euros ($534 million) and during the second it will be between 392 and 434 million euros.

Post- purchase, Telefonica will become the leading private shareholder in the company which will a product of the merger of China Netcom and China Unicom with a stake of 5.5 percent.