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Telefonica SA

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  • MEXICO CITY, May 26- Mexico has cut the estimated investment required for a wholesale mobile broadband network by almost a third to $7 billion and is considering changes to make it more attractive to wireless operators, a senior government official said on Tuesday. The network, which will have exclusive use of 90 MHz of the 700 MHz band of spectrum, was written into...

  • LONDON, May 19- Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery. That follows updates from the likes of Telefonica and Deutsche Telekom which also showed signs of gradual, if slow, improvement in Europe. Vodafone, which has 446...

  • LONDON, May 19- Britain's Vodafone posted a rise in quarterly sales for the first time in nearly three years on Tuesday in the clearest sign yet that Europe's mobile market is edging towards recovery. The full-year results follow updates from the likes of Telefonica and Deutsche Telekom which also showed signs of gradual, if slow, improvement.

  • *Germany, Brazil, Latam grow but Spain still contracting. Having recently bought rivals in Germany and Brazil and agreed the sale of its British business O2 UK to Hutchison Whampoa, Telefonica is now focused on fixing its domestic business, which has shrunk by 40 percent since 2009 and today accounts for just a quarter of revenues. Telefonica last month announced...

  • *Germany, Brazil, Latam grow but Spain still contracting. MADRID, May 14- Telefonica posted higher first-quarter sales and core profits on Thursday thanks to growth abroad, a sign that an expected turnaround at the Spanish company is underway even though its home market shrank again. Having recently bought rivals in Germany and Brazil and agreed the sale of its...

  • *Vimpelcom CEO says no guarantee deal will be reached. AMSTERDAM/ MILAN, May 13- Russian telecoms group Vimpelcom is in talks with Asia's Hutchison Whampoa about merging their mobile phone businesses in Italy as a joint venture, Vimpelcom Chief Executive Jean-Yves Charlier said on Wednesday. But hammering out terms has proven difficult given the interests of...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...

  • *Deal could grow by $500 mln to meet more Telefonica payments. HONG KONG, May 8- Hutchison Whampoa Ltd said it plans to sell a one-third stake in its British mobile phone business for $4.3 billion to five investors- a move that will help the Hong Kong ports-to-telecoms group fund its boldest bet in Europe yet. Hutchison, owned by billionaire Li Ka- shing, agreed in...

  • HONG KONG, May 8- Hutchison Whampoa Ltd has agreed to sell a one-third stake in its British mobile phone business for $4.3 billion to a group of investors including Singaporean and Abu Dhabi sovereign wealth funds. Singapore's GIC Pte, the Abu Dhabi Investment Authority, the Canada Pension Plan Investment Board and Brazilian investment bank Grupo BTG Pactual...

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve rivals Oi and TIM has run into delays but should go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • LISBON, May 5- A long-expected consolidation of Brazil's telecoms industry that is likely to involve Oi and TIM has run into delays but is likely to go ahead in 2016, a representative of Oi's largest shareholder, Portugal Telecom SGPS, said on Tuesday. Rafael Mora, who is a board member of both PT and Oi, said changes to the shareholder structure of Telecom Italia-...

  • *Telefonica hikes prices 5-15 pct on most packages in Spain. MADRID, April 29- Telefonica's move to hike prices in Spain is a bold bet that could finally draw a line under a six-year slump, cut the firm's reliance on Latin America and give it a leg up over rivals on the lucrative premium telecoms market, sources and analysts say. The price increases, which range between...

  • SHENZHEN, China, April 22- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • SHENZHEN, China, April 21- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • Telefonica agrees to sell O2 to Hutchison Whampoa Tuesday, 24 Mar 2015 | 2:13 PM ET
    Pedestrians pass an O2 mobile phone store, operated by Telefonica SA, in London, U.K.

    Spanish telecommunications firm Telefónica has agreed to sell its O2 U.K. operation to Hutchison Whampoa.

  • LONDON, March 24- European shares climbed higher to end just below a recent 7-1/ 2- year high on Tuesday, with forecast-beating business surveys from Germany and France offsetting poor Chinese factory data. Equities recovered from early falls as purchasing managers' surveys showed Germany's private sector grew in March at its strongest rate since July and...

  • NEW YORK, March 22- As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. Demand for a way to hedge currency exposure while investing in Europe helped the WisdomTree Europe Hedged Equity Fund bring in $5.3 billion in new assets over the first two months of the year, the most of any equity...

  • MEXICO CITY, March 18- Mexican telecommunications company Axtel will become the first virtual operator on billionaire Carlos Slim's mobile network, Axtel said in a statement on Wednesday. The arrangement came about as part of talks that ended a long-standing dispute about interconnection charges between Axtel and Slim's America Movil.

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • REFILE-Mobile industry tiptoes towards 5G Sunday, 1 Mar 2015 | 6:03 PM ET

    BARCELONA, March 1- Running short of dramatically new phone designs, leaders of the world's wireless industry agree their next big idea is 5 G, shorthand for the fifth generation of networks they expect to have up and running by 2020.. That will not stop network equipment makers such as China's Huawei and France's Alcatel-Lucent and dozens of newer players from...