Telefonicawatch, issue 2008.10 snapshot
November 18, 2008
Telefónica reported its results for the first nine months of 2008, showing solid growth despite sharp headline falls in OIBDA and net profit caused by previous one-off capital gains from the 2007 sales of Airwave and Endemol. Continued strong growth in Latin America across wireless and fixed-line services indicated that — at least for now — the company is sufficiently diversified to deal with the global financial downturn. Early results from Telefónica units had already indicated the company was performing sufficiently well to meet targets and that expectations would be met. An interim dividend of EUR0.50 was also paid, again in line with previous statements of intent. [pp.3-6.] Read more
Telefonicawatch, issue 2008.07-08 snapshot
September 20, 2008
Telefónica’s capex expectations for 2008 remain at the levels predicted at the beginning of the year, said Telefónica COO Linares, indicating the Group has no immediate intention of slowing its network rollout plans. Telefónica Latinoamérica has taken the largest share of the spend so far this year (and looks set to continue to do so), and comments from Latinoámerica Chief Executive Jose-Maria Alvarez-Pallete suggested roll out of 3G services could begin in earnest in the first quarter of 2009. Telefónica emphasised its cautious approach towards provision of content. The iPhone 3G was also launched in nine territories. [pp.5-7.] Read more
Telefonicawatch, issue 2008.06 snapshot
August 8, 2008
Q2/H1 FY08 RESULTS: Unlike some rivals, Telefónica’s second-quarter and half-year results were well received, with the Group delivering solid numbers, well versed in calming investors’ sector-wide jitters, and reiterating full-year outlook. Despite unhelpful exchange rate movements, Latinoamérica remained the engine of growth, with España achieving growth in a tough market (contrasting with Vodafone’s much-publicised local weakness), as Europe (O2) managed to tread water in the face of tough competition and further exchange rate challenges. Across the Group, fixed-broadband and pay-TV supported mobile operations as notable drivers of growth. The Group continues to profess “limited M&A ambitions“, and a prioritisation of shareholder returns. [pp.5-37.] Read more
Telefonicawatch — Wordle view
July 15, 2008
Created by Wordle.
Telefónicawatch, issue 2008.04-05
July 10, 2008
GROUP: Telefónica appointed Eduardo Zaplana, previously a senior spokesman for Spain’s Popular Party, to the role of Head of European Relations at the European Commission. It was noted that Zaplana is close to government representatives in many European countries, but most particularly Silvio Berlusconi, the Italian Prime Minister whose influence and business interests can overlap with Telefónica’s activities. [p.3.]
Telefonicawatch, issue 2008.03
May 11, 2008
GROUP: Rumours re-emerged that Telefónica could be looking at an acquisition of Dutch telco KPN, but the company again dismissed the speculation. There were also calls from Telecom Italia shareholders for Telefónica to consider a merger with Telecom Italia, in which it already holds a stake through the Telco SpA consortium. Telco SpA was reported to have increased its stake in the struggling Italian incumbent. [pp.3,5,47.]
Telefónicawatch
Issue: 2008.03
Covering: 13 March to 30 April 2008
Published: May 2008
Next issue: May/June 2008
Delivering valuable insight into the labyrinth that is Spain’s global telco giant. A unique monthly report for the industry.
Telefonicawatch, issue 2008.02
March 17, 2008
TELEFÓNICA GROUP: Telefónica received approval for a change of ownership at its online travel joint-venture Rumbo, which is expected to consolidate the company’s online travel industry business. Meanwhile, Telefónica looks likely to soon be in a position to sell its stake in Hispasat after potential buyer Abertis moved to allay government concerns. Telefónica ruled out selling its stake in Sogecable, which is currently the subject of a takeover attempt by media giant Prisa. A rumour suggesting Telefónica could do a deal to take full control of Sogecable’s Digital+ business is still doing the rounds, however. [pp.2-3.]
Telefónicawatch
Issue: 2008.02
Covering: 1 February to 12 March 2008
Published: March 2008
Next issue: April 2008
Telefonicawatch issue 2008.01
February 6, 2008
GROUP: Telefónica named Julio Linares as its Chief Operating Officer. The move sees Executive Chairman Cesar Alierta focusing more on strategic investments, such as China Netcom and Telecom Italia, while Linares will now have more clout as he continues to push for operational synergies across the Group. The company lost one of its most senior executives in the wake of the decision, however, with Juan Viana-Baptista, General Manager for Telefónica España, deciding to resign, apparently because he was not selected for the COO role. [pp.2-5.]
Telefonicawatch
Issue: 2008.1
Covering: December 2007 to January 2008
Published: February 2008
Next issue: February/March 2008
Telefonicawatch issue 2007.10-11
December 13, 2007
TELEFÓNICA GROUP: Telefónica announced a mobile search agreement with Yahoo!, which will see the search company’s oneSearch mobile offering deployed by Telefónica mobile units in Latin America, and in several O2 regions. Existing arrangements with Google are to continue in Spain and Germany, but it would appear the Yahoo! deal is bad news for MSN. [pp.3-4.]
Telefonicawatch
Issue: 2007.10-11
Covering: October to early-December 2007
Published: December 2007
Next issue: December/January 2008
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