Saudi Arabia’s STC Group to become Telefonica top shareholder with 9.9% stake
By Andres Gonzalez, Amy-Jo Crowley, Pablo Mayo Cerqueiro and Hadeel Al Sayegh LONDON/DUBAI (Reuters) – Saudi Arabia’s STC Group has amassed a 9.9% stake in …
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Telefonica teams up with Elon Musk’s Starlink to connect remote customers
MADRID (Reuters) – Spanish telecoms operator Telefonica said it teamed up with billionaire Elon Musk’s satellite network operator Starlink to provide internet connection to rural …
Telefonica has approached Vodafone on Spanish broadband deal – Bloomberg News
(Reuters) – Telefonica has approached British telecoms group Vodafone about a potential deal involving internet broadband networks in Spain, the Spanish company’s chief operating officer …
Telefonica hits earnings targets, forecasts steady growth
MADRID (Reuters) – Spain’s Telefonica forecast steady revenue and earnings growth for 2023, sending the telecom firm’s shares higher on Thursday after it posted on-target …
Telefonica wins 1.32 billion euros in tax dispute with Spain
MADRID (Reuters) – Spain’s high court has ordered the country’s tax agency to reimburse telecoms giant Telefonica a record amount of 1.32 billion euros ($1.31 …
Telefonica turns to Israel’s high-tech to boost consumer portfolio
By Steven Scheer JERUSALEM – Spain’s Telefonica, Europe’s third-largest telecoms company, aims to increase investments in Israel’s high-tech sector this year, including in e-health and …
Telefonica Brasil expects $1.09 billion of synergies with Oi deal
SAO PAULO – Telefonica Brasil said on Wednesday it estimates the assets acquired from Brazilian telecom Oi Movel will create 5.4 billion reais ($1.09 billion) …
Telefônica Brasil posts 103.2% growth in Q4 net profit
– Telefonica Brasil on Tuesday reported its quarterly net profit rose 103.2%, helped by a tax credit recognition of 1.4 billion reais. The telecoms operator’s …