The downfall of Gowex—a company once heralded as a Spanish tech success story—has raised concerns about the strength of some the country's companies.» Read More
Nokia said on Monday it is buying U.S. cellphone screen advertising firm Enpocket as the world's top handset maker pushes into a market which is seen ballooning in coming years.
Spanish telecom giant Telefonica said Monday its second-quarter net profit more than doubled, boosted by a 1.3 billion euros ($1.8 billion) capital gain from the sale of radio operator Airwave.
Spanish telecoms company Telefonica has offered Portugal Telecom more than 3 billion euros ($4.1 billion) to buy full control of their Brazilian mobile unit Vivo, the Financial Times reported.
Spanish-owned mobile phone operator O2 has yet to sign any deal to bring iPhone mobile phones -- Apple's latest "must-have" gadget -- to Britain.
EU regulators fined Spain's Telefonica 151 million euros ($205 million) on Wednesday, claiming the company unfairly squeezed rivals by setting wholesale Internet prices too high to allow them turn a profit.
Portugal Telecom said on Wednesday it has not made an offer to buy shares in Brazilian telecoms operator Telemar.
Spain's Telefonica announced a 7.7% rise in first-quarter net profit on Wednesday, meeting expectations as a strong performance in Latin America was coupled with booming broadband growth at home.
Spain's Telefonica has reached a deal to sell the Dutch TV company Endemol, creator of the "Big Brother" show, for 2.63 billion euros ($3.55 billion) to a consortium including the Mediaset media empire controlled by former Italian Premier Silvio Berlusconi's family, Mediaset said in a statement.
Australia's Macquarie Bank said on Wednesday that two of its infrastructure funds have bought secure digital radio network Airwave from Spain's Telefonica for $3.82 billion.