Latest news with #Telefonica
Yahoo
5 hours ago
- Business
- Yahoo
Spain's $5B Telecom Breakup? Telefonica and Masorange Plot Bold Move on Vodafone
Telefonica (NYSE:TEF) and Masorange have kicked off informal discussions about a potential deal for Vodafone Spain, according to people familiar with the matter. While nothing is on paper yet, insiders say one idea being explored involves splitting up Vodafone Spain's fixed-line and mobile or enterprise operationspossibly to dodge antitrust objections. Masorange could also take over the Lowi brand, Vodafone's low-cost unit. The backdrop? Pressure is mounting in Spain's crowded telecom market, and consolidation is starting to look like the only way out. Warning! GuruFocus has detected 9 Warning Signs with TEF. Masorange, formed in 2024 from the 18.6 billion merger between Masmovil and Orange's local business, is now the country's biggest operator by customer base. Vodafone Spain, meanwhile, was acquired by Zegona for 5 billion last year but has continued to strugglepartly due to an aging fiber-optic network. It's already working with Masorange on a fiber venture, but a broader breakup-and-buyout could redraw Spain's telecom map. Telefonica still dominates business services, but Chairman Marc Murtra has made it clear: Europe's telecom players need to bulk up or risk getting left behind. But even if the strategic logic lines up, execution won't be easy. Telefonica's credit rating is hanging at the edge of investment-grade, leaving little room for risky moves. Murtra has said he won't jeopardize that rating, though some sources say creative funding structures might still be possible. A throwback to the 2020 Brazil playbookwhere Telefonica and two rivals jointly carved up Oi SAcould help navigate regulatory obstacles. For now, there's no formal proposal, but if talks progress, this could become one of the boldest moves in European telecom in years. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
7 hours ago
- Business
- Bloomberg
Telefonica, Masorange Said to Hold Early Talks on Vodafone Spain
Telefonica SA and Masorange have held informal talks on a potential deal for Vodafone Spain, people familiar with the matter said, a move that could lead to further consolidation in the country's telecom market. One of the possible scenarios being explored would be to break up Vodafone Spain's fixed-line and its mobile or enterprise operations, due to possible antitrust issues, the people said. MasOrange could also potentially take over Vodafone's low-cost brand Lowi, one of the people said, asking not to be identified as the information is private.
Time of India
3 days ago
- Business
- Time of India
Telefonica investigates potential cyberattack after release of data from Peru
MADRID: Spain's Telefonica said on Tuesday it was looking into a potential cyberattack after data allegedly belonging to one million customers in Peru was released on an internet forum. "We are investigating an alleged security breach. The sample released by the actor, which comprises 1 million records, seems to correspond to customers in Peru," a Telefonica spokesperson said. According to a post on X by HackManac - an account tracking cyberattacks around the world - a group calling itself "Dedale" was offering a database containing information on approximately 22 million Telefonica customers. The self-declared hackers have released a sample of 1 million records it said belonged to Telefonica customers in Peru as proof, although the Spanish company has exited the South American country two months ago. In April, Telefonica sold its troubled Peruvian unit to Argentine company Integra Tec International for about 900,000 euros ($1.03 million).
The Star
3 days ago
- Business
- The Star
Telefonica investigates potential cyberattack after release of data from Peru
FILE PHOTO: The logo of Spanish Telecom company Telefonica is seen on a satellite transmission van, in Malaga, Spain November 22, 2024. REUTERS/Jon Nazca/File Photo MADRID (Reuters) -Spain's Telefonica said on Tuesday it was looking into a potential cyberattack after data allegedly belonging to one million customers in Peru was released on an internet forum. "We are investigating an alleged security breach. The sample released by the actor, which comprises 1 million records, seems to correspond to customers in Peru," a Telefonica spokesperson said. According to a post on X by HackManac - an account tracking cyberattacks around the world - a group calling itself "Dedale" was offering a database containing information on approximately 22 million Telefonica customers. The self-declared hackers have released a sample of 1 million records it said belonged to Telefonica customers in Peru as proof, although the Spanish company has exited the South American country two months ago. In April, Telefonica sold its troubled Peruvian unit to Argentine company Integra Tec International for about 900,000 euros ($1.03 million). ($1 = 0.8768 euros) (Reporting by Inti Landauro; Editing by David Latona)
Yahoo
4 days ago
- Business
- Yahoo
Telefonica investigates potential cyberattack after release of data from Peru
MADRID (Reuters) -Spain's Telefonica said on Tuesday it was looking into a potential cyberattack after data allegedly belonging to one million customers in Peru was released on an internet forum. "We are investigating an alleged security breach. The sample released by the actor, which comprises 1 million records, seems to correspond to customers in Peru," a Telefonica spokesperson said. According to a post on X by HackManac - an account tracking cyberattacks around the world - a group calling itself "Dedale" was offering a database containing information on approximately 22 million Telefonica customers. The self-declared hackers have released a sample of 1 million records it said belonged to Telefonica customers in Peru as proof, although the Spanish company has exited the South American country two months ago. In April, Telefonica sold its troubled Peruvian unit to Argentine company Integra Tec International for about 900,000 euros ($1.03 million). ($1 = 0.8768 euros)
