Tag: $Telefonica

Spain scrutinising Saudi stake in ‘strategic’ Telefonica

Spain is analysing Saudi Arabian group STC’s purchase of a 9.9% stake in Telefonica (TEF.MC) to ensure its strategic interests are defended, acting economy minister Nadia Calvino said on Wednesday, signalling a potential hurdle.

Telefonica shifts focus to cash generation after years of re-jigging

MADRID, July 27 (Reuters) – Telefonica (TEF.MC) is to shift its focus to cash generation after years of restructuring its business, the Spanish telecoms group’s CEO said on Thursday, sending its shares higher.

Telefonica first-quarter profit falls as cost pressures bite

Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from the same period a year ago as the company was unable to raise prices in line with costs.