7.57 +0.05 (0.66%)
Pre-Market: 5:40AM EDT
|Bid||7.56 x 3100|
|Ask||7.51 x 45900|
|Day's Range||7.47 - 7.54|
|52 Week Range||6.50 - 9.08|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||11.82|
|Forward Dividend & Yield||0.45 (6.12%)|
|1y Target Est||7.84|
Brazilian telecommunications firm Oi SA is in talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network to avoid insolvency, five people with knowledge of the matter said. Oi has been struggling to turn around its business since filing for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt. Brazil's largest fixed-line carrier expects to raise more than 10 billion reais ($2.4 billion) by selling its mobile operations, according to two of the sources, who spoke on condition of anonymity because the talks are confidential.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telefonica del Peru S.A.A. New York, September 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telefonica del Peru S.A.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") has today assigned a Ba2 rating to Telefonica Europe B.V.'s proposed issuance of undated, deeply subordinated, guaranteed fixed rate reset securities (the "hybrid debt"), which are fully and unconditionally guaranteed by Telefonica S.A. (Telefonica) on a subordinated basis. "The Ba2 rating we have assigned to the hybrid debt is two notches below Telefonica's senior unsecured rating, of Baa3, primarily because the instrument is deeply subordinated to other debt in the company's capital structure," says Carlos Winzer, a Moody's Senior Vice President and lead analyst for Telefonica.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Telefonica Finanzas Mexico, S.A. de C.V. New York, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telefonica Finanzas Mexico, S.A. de C.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
AES Corp. (AES) recently announced guidance-beating second quarter results while Telefonica S.A. (TEF) posted accelerating revenue and cash flow growth that topped most analysts' estimates, asserts Roger Conrad, utility sector specialist and editor of Conrad's Utility Investor.
The Brazilian Senate's Science and Technology Committee on Wednesday approved a bill that will modernize Brazil's telecommunications law and boost companies in the sector by lifting restrictions on asset sales. The full Senate could vote on the bill, known as PLC 79, later on Wednesday. The law aims to encourage investment in broadband in remote areas of Brazil by allowing companies to own outright telecom assets, such as cellphone towers and valuable real estate, that they may sell if they so choose.
Telefonica plans to offer voluntary redundancy to up to a fifth of its workforce in Spain, a person with knowledge of the matter said on Monday, as the telecoms company struggles to boost earnings in its home market. Europe's third-biggest telecom company will make the offer to all employees over 53 years of age, who total just under 5,000 in a national workforce of 25,000, at a meeting with labour unions on Sept. 11, the person said. Large telecom firms across Europe have been struggling to post strong growth against fierce competition.
Credit rating agency Moody's Investors Service said on Thursday the pending approval of a new telecommunications law in Brazil is positive for the sector as it paves the way for asset sales. The Senate may vote on the bill, known as PLC 79, by Sept. 11, the chamber's president Davi Alcolumbre said this week. "The likely passage of PLC 79 would be credit positive for the entire Brazilian telecom industry, but especially for Telefonica Brasil SA and Oi SA, still in bankruptcy protection," Moody's said.
Britain will make a decision on whether to allow China's Huawei equipment to be used in its 5G networks in the autumn, the digital minister Nicky Morgan said. "We've got to make sure that this is going to be a decision for the long term, making sure that we keep all our networks secure." (Reporting by Kate Holton.
A weak performance at home overshadowed a forecast-beating rise in second quarter earnings at Spain's Telefonica on Thursday, although the telecoms group saw better times ahead for its largest market. Shares in Europe's third-biggest telecoms firm fell as much as 2.6% after it reported a drop in quarterly margins and barely any growth in revenues in Spain, which accounts for more than a quarter of group core profit and sales.
Britain on Monday postponed a decision on whether Huawei could participate in building next-generation 5G mobile networks until it had a clearer picture of the impact of U.S. measures taken against the Chinese company. "These measures could have a potential impact on the future availability and reliability of Huawei's products, together with other market impacts, and so are relevant considerations in determining Huawei's involvement in the network," Digital Minister Jeremy Wright told parliament.
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It will be much harder for El Salvador's prison population, including gang leaders, to communicate with those on the outside after the government on Friday ordered mobile telephone service providers to disable their signals in the facilities. The decision by President Nayib Bukele, who took office earlier this month, is aimed at reducing the country's high murder rate and other violent crimes, which he says are often ordered by those behind bars. The country's mobile telephone providers, including Claro, Tigo, Digicel and Telefonica have 72 hours to comply with the order, Bukele said in a post on Twitter.
Brazilian telecoms regulator Anatel on Thursday approved a plan to coordinate investments among public and private players aimed at increasing access to broadband in Latin America's largest economy. Brazilian units of Telefonica SA, Telecom Italia SpA and Oi SA have been rushing to expand their fiber-to-home (FTTH) broadband service in Brazil. According to Anatel, the plan, named PERT, coordinates both public and private initiatives, in order to widen the access to fiber and, in cities where this is not possible, allows connections via satellite or other technologies.
British telecom companies should show "all due caution" before using China's Huawei equipment in their 5G networks because the government cannot ignore the warnings from the United States, its digital minister said. Britain has found itself caught up in the diplomatic row between Washington and Beijing after the Trump administration told allies not to use Huawei's 5G equipment for fear it could allow China to spy on sensitive communications and data. Britain's National Security Council, chaired by Prime Minister Theresa May, had agreed in April to allow Huawei restricted access to non-core parts of the 5G network, but that decision has been put on hold following the U.S. intervention.
After an expensive 5G auction, carriers in Germany are likely to find it increasingly difficult to shell out additional dry powder to upgrade the existing network infrastructure for the nationwide deployment.
Can Nokia Capitalize on Huawei’s Plight in Canada?(Continued from Prior Part)Nokia to help improve Telefónica network for video trafficTelefónica Spain recently adopted Nokia’s (NOK) Deepfield Cloud Intelligence for greater visibility into