Latest news with #Gayo
Time of India
14-05-2025
- Business
- Time of India
Spain's Telefonica posts quarterly loss after write-downs for Peru, Argentina disposals
MADRID: Spanish telecom company Telefonica reported a first-quarter net loss of 1.3 billion euros ($1.45 billion) on Wednesday, in line with estimates, after writing down the value of assets it has sold in Peru and Argentina. Analysts had forecast a loss of 1.32 billion euros, according to a consensus provided by the company. Shares were down 0.4% in early trading. Excluding capital losses of 1.7 billion euros from its Latin American disposals - 1.2 billion euros in Argentina and 500 million euros in Peru - Telefonica reported an operating profit of 427 million euros. First-quarter revenue fell 2.9% from the prior-year period to 9.22 billion euros, slightly surpassing analysts' expectations of 9.1 billion euros. "The group's results should improve during the year, on the path to meet the 2025 targets," CEO Emilio Gayo said in a statement. The Spanish giant retained its annual outlook and dividend plans, and Gayo said the company will disclose a new business strategy in the second half of this year. Telefonica has scaled back operations in several Spanish-speaking Latin American markets with lower returns than capital costs, opting to focus on Spain, Brazil, Britain, and Germany. Last month, the company agreed to sell its Peruvian operations at a fraction of the price it paid 30 years ago and sold its Argentina unit for $1.25 billion. It had already written off 314 million euros on the value of its Peruvian unit in the third quarter of 2024.
Yahoo
06-03-2025
- Business
- Yahoo
Spain's Telefonica appoints Emilio Gayo as operations chief
MADRID (Reuters) - Spanish telecoms giant Telefonica has appointed Emilio Gayo as its new chief operating officer, it said on Thursday, in a reshuffle after Marc Murtra took over as executive chairman in mid-January. Gayo, 59, joined Telefonica in 2004 and has run its Spanish business since 2018. He replaces Angel Vila, who had been in the post since July 2017. Vila is set to take on a role as an adviser to Murtra, the company said in a regulatory filing. Vila will also remain on the board of Britain's Virgin-Media O2 and join the board of Germany's Telefonica Deutschland, according to the filing. Gayo will also oversee Hispam, Telefonica's umbrella unit for Latin America that was until now the remit of Chief Financial Officer Laura Abasolo. Telefonica also named Borja Ochoa as the new head of Telefonica Spain and Sofia Collado to spearhead Telefonica Tech. Both executives come from defence and IT company Indra, of which Murtra was CEO between 2021 and 2025. Murtra, whose appointment in January was met with accusations of political meddling by the Spanish government, has ordered a strategic review before the end of this year and called for the sector's consolidation in Europe to gain "strategic autonomy". Sign in to access your portfolio
Reuters
06-03-2025
- Business
- Reuters
Spain's Telefonica appoints Emilio Gayo as operations chief
MADRID, March 6 (Reuters) - Spanish telecoms giant Telefonica ( opens new tab has appointed Emilio Gayo as its new chief operating officer, it said on Thursday, in a reshuffle after Marc Murtra took over as executive chairman in mid-January. Gayo, 59, joined Telefonica in 2004 and has run its Spanish business since 2018. He replaces Angel Vila, who had been in the post since July 2017. Vila is set to take on a role as an adviser to Murtra, the company said in a regulatory filing. Vila will also remain on the board of Britain's Virgin-Media O2 and join the board of Germany's Telefonica Deutschland, according to the filing. Gayo will also oversee Hispam, Telefonica's umbrella unit for Latin America that was until now the remit of Chief Financial Officer Laura Abasolo. Telefonica also named Borja Ochoa as the new head of Telefonica Spain and Sofia Collado to spearhead Telefonica Tech. Both executives come from defence and IT company Indra ( opens new tab, of which Murtra was CEO between 2021 and 2025. Murtra, whose appointment in January was met with accusations of political meddling by the Spanish government, has ordered a strategic review before the end of this year and called for the sector's consolidation in Europe to gain "strategic autonomy".
