Telefónica’s subsidiary Telxius, which lists KKR and Pontegadea as minority shareholders, has agreed to sell its tower division to American Tower Corporation (ATC) for €7.7bn in cash.
Telefónica’s pay-TV subscriber total fell by 50,000 in its home market Spain in the third quarter.
Competition and Markets Authority has made a request to the European Commission for it to refer the proposed merger of Virgin Media and Virgin Mobile with O2 to the UK regulator.
Spain’s Telefónica has dropped from second to sixth place among European telcos in the last 10 years.
Telefónica has said it will “make the greatest effort to promote the complete digitalisation of Spain”.
The Spanish regulator CNMC has extended for a further three years all but one of the commitments related to take-over over TDS by Telefónica in 2015.
Telefónica and Atresmedia have appointed Ignacio Corrales MD of Buendia Estudios, a new jointly owned company aimed creating and producing audiovisual content in Spanish worldwide.
Telefónica has reached an agreement with UEFA to broadcast the Champions League and the Europa League until the 2023/24 season.
Telefónica’s infrastructure company Telxius has reached an agreement with Telefónica Deutschland to acquire approximately 10,100 sites.
Over 10 million devices are now registered to receive programmes, movies and series from Telefónica’s Movistar+ service.