Published on Sept. 23, 2012
In September 4th Telefónica announced its participation in a venture capital which will finance technology firms. The Telecommunications Spanish Company has provided 68 million euros in this fund for the next five years.
This private equity network, called Amérigo, is also participated by public partners (for example the Governments of Brazil, Chile, Colombia or Spain) and private investors focused on technology sector worldwide, beyond the main investments receivers as Silicon Valley. Its initial capital reaches 300 million euros, aimed to finance projects valued over one billion.
Through this project Telefónica plans to invest in talent wherever it is, like has done many times before with others schemes such as Wayra (focused on promoting star-ups) or Telefónica Ventures.
Published on July 4, 2012
Telefónica has announced a cut down on its debt by 1.450 million euros at the end of the second quarter, of the present year, thanks to the agreement for the merge of its businesses in the country, a transaction announced in early April.
The Spanish group of telecommunications reached an agreement with the Colombian Government to merge its businesses in fixed and mobile telephony in the country.
Telefonica will merge Telefónica Móviles Colombia and Colombia Telecomunicaciones (52% controlled by Telefonica and 48% by the Colombian government). The company resulting from the merger will be controlled 70% by the Spanish company and 30% for Colombia.
When announcement of the operation was made in April, Telefonica reported it would cut down ...
Published on April 3, 2012
This transaction means the entrance of Abertis in the mobile infrastructure management market.The amount of the see-purchase agreement will generate a 12% benefit IRR for the accionists.
Abertis, who has paid 45 million euros for 500 mobile phone towers, could expand the purchase to a total amount of 1.000 towers by the end of 2012 as the company communicated to the National Securities Market Commission .
Telefónica España will be the main customer of the mobile phone towers for the next years but it is also forecasted to offer the infrastructures to other telecommunication operators that could share the services.
The assets purchased, which are “high quality and located in rural areas along the Spanish territory, will be added ...
Published on Feb. 29, 2012
The telecommunications operator allies with Mozilla, Qualcom and Adobe to develop a new web-based mobile ecosystem.
With this alliance, Movistar wants to create a new and free alternative mobile ecosystem that could compete with the largest operating systems in control of the market nowadays: IOS (Apple’s iPhone and iPad), Android (Google) and Windows 8 (Microsoft).
The new ecosystem, developed by Movistar’s partners, is open and standard-technology based such as HTML5 language, so it could take advantage of the thousands of developments and applications already on the Internet.
One of the advantages of the alliance is that Telefónica I+D (now integrated in Telefónica Digital) and Adobe were already working together since they discovered the similarities of their projects ...