Telefónica and Indra win €23.39 million Defence contract
Telefónica and Indra secure a €23.39 million Defence contract for satellite communications.
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Telefónica plans to sell its subsidiary in Venezuela in 2027, marking its total exit from Latin America after several divestments in the region.
Telefónica and Indra secure a €23.39 million Defence contract for satellite communications.
Telefónica Spain establishes a new division to manage its device business, led by Alberto Ruano, aiming to enhance customer loyalty and sales growth.
Telefónica's shares drop over 4%, affected by the telecom sector crisis in Europe. The situation worsens after Airtel Money's downgrade.
The Ibex 35 slightly declines after the quarterly futures expiry, impacted by drops in Telefónica and Repsol.
Telefónica and Liberty Global aim to cut £700 million at VMO2 to calm markets. The British company's debt stands at £21.928 billion.
Telefónica, Orange, Vodafone and Deutsche Telekom aim to form a satellite consortium to compete for available European spectrum in 2027.
Telefónica finalises the sale of its Gran Vía headquarters to Tomás Olivo for 200 million. The deal may allow for a change of use, pending negotiations with the City Council.
Ibex 35 drops 1.55% to 19,422 points on a day of results. CaixaBank plunges 6.48% and Telefónica 2.95%, while Grifols rises 7.18%.
Indra ranks among the top in the Ibex 35 after announcing a partnership with BOLD Technology in energy storage and artificial intelligence.
The Community of Madrid will invest 10 million in drone aid, create a Single Window and a drone park to become the European hub by 2030.
Ibex 35 is flat at 19,700 points, with Logista, Inditex and Telefónica rising, while Samsung drops 7% in Seoul despite multiplying its profits.