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 shows resilience
Telefónica’s pay-TV subscriber total fell by 50,000 in its home market Spain in the third quarter.
CMA requests Virgin-O2 merger review
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.
Sharp fall for Telefónica
Spain’s Telefónica has dropped from second to sixth place among European telcos in the last 10 years.
Telefónica unveils its “Digital Deal”
Telefónica has said it will “make the greatest effort to promote the complete digitalisation of Spain”.
Telefónica/DTS take-over conditions extended
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.
Ignacio Corrales to head Buendia Estudios
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 secures Champions League through 2023/24
Telefónica has reached an agreement with UEFA to broadcast the Champions League and the Europa League until the 2023/24 season.
Telxius to double in size
Telefónica’s infrastructure company Telxius has reached an agreement with Telefónica Deutschland to acquire approximately 10,100 sites.
New milestone for Movistar+
Over 10 million devices are now registered to receive programmes, movies and series from Telefónica’s Movistar+ service.