|Bid||7.20 x 0|
|Ask||7.20 x 0|
|Day's Range||7.15 - 7.23|
|52 Week Range||6.59 - 8.06|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||11.76|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||0.40 (5.38%)|
|1y Target Est||9.74|
PayJoy, a startup that has developed smartphone technology to facilitate access to credit in emerging markets, has raised $20 million from venture capital firm Greylock Partners, the company said on Thursday. Union Square Ventures, EchoVC and Core Innovation Capital also participated in the round, PayJoy said. The San Francisco-based startup said it will use the funding to expand, secure more partners and develop new technologies.
El Salvador's competition authority has rejected Mexican telecoms firm America Movil's bid to acquire a local unit of Telefonica, but the company controlled by the family of billionaire Carlos Slim vowed to try again. In January, Spain's Telefonica reached a deal to sell operations in Guatemala and El Salvador to America Movil. In a statement on Tuesday, the Superintendence of Competition (SC) said the bid by America Movil, which is controlled by the Slim family, was "inadmissible" and that the company had been informed of the decision dated April 29.
El Salvador's competition authority on Tuesday said it had rejected a bid by Mexican telecoms company America Movil to acquire the local unit of Spanish rival Telefonica, arguing the planned takeover did ...
LONDON/MUMBAI (Reuters) - Time to abandon the Huawei phone? Google said on Monday it would comply with an order by U.S. President Donald Trump to stop supplying Huawei, meaning it would no longer be able to offer its popular Android apps to buyers of new Huawei phones. The order to U.S. companies could affect tens of millions of consumers in Europe, its biggest market outside mainland China.
Spain's Telefonica is reviewing a U.S. order which hit Chinese telecoms giant Huawei with severe sanctions, to see if it will affect its customers, a spokeswoman for the group said on Monday. "We are reviewing the details of the executive order to understand any potential implications for our customers," the spokeswoman said. The executive order, which was announced on Wednesday, barred Huawei from acquiring components and technology from U.S. firms without government approval.
Germany’s third-largest asset manager Union Investment has criticised corporate governance of European blue-chips after it ranked Stoxx Europe 50 constituents — and none met its minimum criteria of supervisory board independence, transparency, diversity and director pay. The table of the region’s largest companies, compiled by Union and Ivox Glass Lewis, the German-based proxy adviser, shows a clear north-south divide with 18 of the 26 British, German and Dutch companies in the upper half of the ranking and 10 of the 14 French, Italian and Spanish groups in the lower half. The survey assessed 96 criteria associated with corporate governance, including separation of the chief executive and chairman roles, gender diversity, transparency issues such as executive pay disclosure and term limits for non-executive directors.
Moody's Investors Service, ("Moody's") has today assigned a first-time B1 Corporate Family Rating ("CFR") and a B1-PD Probability of Default Rating ("PDR") to Masmovil Ibercom, S.A. ("Masmovil"). Concurrently, Moody's has assigned a B1 rating to the E1,450 million senior secured Term Loan B due in 2026, the E100 million senior secured revolving credit facility due in 2024 and the E150 million senior secured Capex facility due in 2024 and raised by MasMovil Holdphone S.A.U. (100% subsidiary of Masmovil). "The B1 rating reflects Masmovil's success as the fourth largest telecommunications company in Spain, consistently growing revenues at double-digit rates and achieving a market share of close to 16% in residential mobile and 8% in the residential fixed segment since its creation in 2006," says Carlos Winzer, Moody's Senior Vice President, and lead analyst for Masmovil.
British broadband, phone and pay-TV firms must tell customers about their best deals to encourage them to switch away from uncompetitive contracts long after the initial offer period ends, British telecoms regulator Ofcom said on Wednesday. Ofcom said more than 20 million people had passed their initial contract period and many of them were now paying more than they needed to. It said customers who bundled their landline and broadband services together paid, on average, around 20% more when they are 'out of contract', rising to 26% for customers who also took a pay-TV service in their contracts.
Mexican President Andres Manuel Lopez Obrador said on Saturday the government would bring internet to remote areas of the country and that current concession holders should "stand aside" if they cannot do the job. In a campaign-style speech to hundreds of supporters in El Nayar, a municipality in the western state of Nayarit, the veteran leftist said companies were not bringing internet to the remotest areas because they were only interested in profits. Lopez Obrador, who has pledged to ensure the whole country has internet, did not elaborate further, and a spokesman for the presidency could not immediately be reached for comment.
Telefonica SA is illustrating why. The former Spanish national carrier is midway through a digital transformation program, and has succeeded in realizing almost two thirds of the 1 billion euros ($1.1 billion) in savings it’s targeting by the end of next year. Digitization can only take you so far.
Spain's Telefonica expects improvements in its home market, service revenues and more efficient use of digital technology to help boost earnings growth and meet full-year guidance, the company said on Friday. Large telecoms operators across Europe are battling to maintain growth in the face of strong competition from low-cost rivals, while at the same time investing heavily in next-generation mobile networks and fibre broadband. Telefonica said its revenue growth trend improved in the first quarter.
Telefónica posted a 10.6 per cent rise in first-quarter net profit, as rising revenues in all of the company’s major markets were tempered by currency headwinds. The Spanish telecoms company said that revenues dipped 1.7 per cent to €11.98bn compared to the same period last year, as currency swings, especially depreciation in the Brazilian real and Argentine peso, cut revenues by 4.9 per cent. Analysts polled by Bloomberg had expected revenues of €11.81bn. Telefónica reported net earnings of €926m, above the €787m expected by analysts.
Key InsightsTelefonica Chairman Jose Maria Alvarez-Pallete is pushing artificial intelligence and other technology throughout the company’s networks to cut costs and improve efficiencies. Oibda was negatively impacted by poor performance in the embattled Mexican unit, where it declined 46 percent in the quarterNet debt is set to drop to 38.7 billion euros after Telefonica receives proceeds from asset sales. Telefonica, which long faced investor concerns about its debt, may now have financial flexibility to pursue acquisitions for growth.
MADRID (Reuters) - Spanish phone towers group Cellnex may consider a takeover bid for British tower company CTIL, but could not afford to invest in France's TDF after agreeing to buy 10,700 sites in France, ...
LONDON/FRANKFURT (Reuters) - Vodafone stepped up its battle to gain regulatory approval for its Liberty Global deal on Tuesday by offering rival Telefonica Deutschland access to its enlarged high-speed broadband network. The world's No.2 mobile operator agreed a year ago to pay $22 billion (17 billion pounds) for Liberty's cable networks in Germany and central Europe, seeking increased fixed-line heft to better compete with German market leader Deutsche Telekom. Seeking to increase competition in the German market and defuse criticism of the deal, Vodafone on Tuesday said that Telefonica Deutschland would be able to offer super-fast services over Vodafone and Liberty's Unitymedia cable networks in Germany if the deal is approved.
Vodafone said on Tuesday it had agreed to supply high-speed broadband to Telefónica Deutschland to help secure European Commision approval for its merger with Liberty Global's cable networks in Germany ...
LONDON (Reuters) - A British government minister will be called to parliament on Thursday to answer a question on the findings of an inquiry into the disclosure of confidential information relating to ...
A British government minister will be called to parliament on Thursday to answer a question on the findings of an inquiry into the disclosure of confidential information relating to Chinese telecoms company ...
LONDON (Reuters) - Prime Minister Theresa May said on Wednesday her government wanted to ensure any development of Britain's telecoms networks would help build their resilience and improve cyber security. ...
Prime Minister Theresa May said on Wednesday her government wanted to ensure any development of Britain's telecoms networks would help build their resilience and improve cyber security. Quizzed by a parliamentary ...