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Telefonica SA

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  • *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...

  • Chinese stock investors gather at a securities firm in Fuyang, in China's Anhui province on January 7, 2015.

    Asian equity markets struggled for direction on Wednesday following an uninspiring lead from Wall Street overnight.

  • 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...

  • Mobile industry tiptoes towards 5G Sunday, 1 Mar 2015 | 9:57 AM 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...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Cheung Kong net HK $54 bln vs HK $37 bln analyst view. Li has been selling assets and increasing the pace of overseas acquisitions- particularly infrastructure, telecoms and retail businesses in Europe- sparking speculation that he is withdrawing from Hong Kong and mainland China, a claim he has consistently denied. Li's family sold more than $2 billion worth of...

  • MADRID, Feb 25- Spain's Telefonica gave upbeat sales growth forecasts on Wednesday after the devaluation of the bolivar hit its Venezuelan business badly last year and helped knock more than a third off net profit. The company said it would pay a 0.75 euro dividend in each of the next two years and cancel share capital, helping maintain one of the highest dividend...

  • European shares pause rally after mixed corporate results Wednesday, 25 Feb 2015 | 4:20 AM ET

    PARIS, Feb 25- European shares were steady on Wednesday morning, pausing a recent sharp rally that propelled both Britain's FTSE 100 and Germany's DAX to record highs as investors combed through mixed corporate results. Europe's second-biggest insurer AXA rose 4.6 percent after posting a 12 percent increase in 2014 net profit and voicing confidence in its...

  • MADRID, Feb 25- Spain's Telefonica gave an upbeat forecast for sales growth over the next two years as it reported 2014 results hit by one-off factors such as a weaker Venezuelan currency and restructuring costs in Germany. Seeking to cut debt and focus spending on core markets in Spain, Germany and Brazil, Telefonica has sold units in Ireland and the Czech...

  • MILAN/ LONDON, Feb 20- Telecom Italia posted a further fall in sales and profits on Friday but said the pace of decline was slowing as it steps up spending on faster fixed and mobile networks in Italy and Brazil. Outlining its new investment plan, the heavily indebted company said it would spend 14.5 billion euros in the next three years on laying more fibre optic...

  • *Telecoms hindered by Orange, Telefonica. LONDON, Feb 17- Athens stocks fell in choppy trade on Tuesday to hinder European shares after debt talks between Greece and euro zone finance ministers broke down, putting the country's future in the euro zone at risk. It's in no one's interests for Greece to leave the euro, "said Joe Rundle, trader at ETX Capital.

  • Ford Motor Co, wrote off its entire investment in Venezuela last month when it took an $800 million pre-tax write down, the company said in response to questions from Reuters. That means no matter how much worse things get in Venezuela it shouldn't have to take further impairment charges. The slow torture of operating in Venezuela led PepsiCo to report last week a...