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Telefonica, S.A.'s CEO Discusses Q1 2012 Results - Earnings Call TranscriptFri, May 11, 2012 • 1 Comment
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Telefónica's CEO Discusses Q3 2011 Results - Earnings Call TranscriptFri, Nov 11, 2011
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Telefónica CEO Discusses Q4 2010 Results - Earnings Call TranscriptFri, Feb 25, 2011 • 1 Comment
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Telefonica SA Q3 2007 Earnings Call TranscriptMon, Nov 12, 2007
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Telefónica Q2 2007 Earnings Call TranscriptMon, Jul 30, 2007
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Telefonica Q1 2007 Earnings Call TranscriptWed, May 16, 2007
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Telefonica Q4 2006 Earnings Call TranscriptThu, Mar 1, 2007
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Telefonica Q3 2006 Earnings Call TranscriptTue, Nov 14, 2006
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Telefonica S.A Half Year 2006 Earnings Conference Call Transcript (TEF)Thu, Jul 27, 2006
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Telefónica S.A. Q1 2006 Earnings Conference Call Transcript (TEF)Sat, May 13, 2006
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Telefónica Full Year 2005 Earnings Conference Call Transcript (TEF)Thu, Mar 2, 2006
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at MarketWatch.com (Mon, 12:09PM)
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at CNBC.com (Jun 10, 2013)
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at MarketWatch.com (Mar 26, 2013)
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at MarketWatch.com (Mar 14, 2013)
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at MarketWatch.com (Feb 28, 2013)
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at CNBC.com (Feb 26, 2013)
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at MarketWatch.com (Feb 18, 2013)
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at MarketWatch.com (Oct 4, 2012)
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at MarketWatch.com (Sep 7, 2012)
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at MarketWatch.com (Aug 3, 2012)
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at MarketWatch.com (Aug 1, 2012)
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at MarketWatch.com (Jul 26, 2012)
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at MarketWatch.com (Jul 26, 2012)
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at MarketWatch.com (Jul 26, 2012)
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at MarketWatch.com (Jul 25, 2012)
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at MarketWatch.com (Jul 20, 2012)
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at CNBC.com (Jun 19, 2012)
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at CNBC.com (Jun 18, 2012)
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at CNBC.com (Jun 12, 2012)
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at MarketWatch.com (Jun 11, 2012)
TEF vs. ETF Alternatives
Company Description
Telefónica, S.A., is a corporation duly organized and existing under the laws of the Kingdom of Spain, incorporated on April 19, 1924. We are:
·a diversified telecommunications group which provides a comprehensive range of services through one of the world’s largest and most modern... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, June 17, 2:59 AM AT&T (T) has reportedly been thwarted in a €70B bid to acquire Telefonica (TEF) by Spain's government, which has the power to stop the sale of any company that is deemed strategic. The U.S. carrier told state representatives that it would take on the Spanish operator's €52B of debt as part of any transaction. Telefonica said it hasn't "received any approach or...indication of interest," from AT&T. 4 Comments [Tech, Consumer, Top Stories]
- Friday, June 14, 7:00 PM Europe's mobile carriers (VOD, FTE, TI, TEF) won't like this: the EU is planning to scrap roaming fees for voice, text, and data services next year (possibly by July '14) as part of an effort to create a common telecom market. The cuts are only expected to affect carrier revenues by 2% on average, but the impact on profits will likely be bigger, given the margins attached. Regulators have already announced plans to harmonize telecom regulations, and to make it easier for carriers to merge. "There are around 100 operators in Europe and only 4 in the US ... That’s not sustainable if we’re going to have a single market," a source tells the Telegraph. 2 Comments [Tech]
- Tuesday, June 11, 3:06 AM Mexican President Enrique Pena Nieto has signed into law a sweeping overhaul of his country's telecom and broadcast sectors that aims to increase competition and reduce the power of the dominant players, America Movil (AMX, AMOV) and Grupo Televisa (TV). The measures include the creation of a new regulator with wide-ranging powers such as being able to force companies to sell assets. Teleonica (TEF), which holds around 20% of the wireless market, hopes to benefit. Comment! [Tech, Consumer, Top Stories]
- Monday, June 3, 12:01 PM Telefonica (TEF) has received "expressions of interest from potential buyers" for its O2 Ireland mobile unit and is mulling a sale, the FT reports. An O2 Ireland sale, long viewed by investors as one of several moves Telefonica might make to pare its €51.2B ($67B) debt load, is seen netting up to €700M ($916M). Other possible moves include the sale of Telefonica's 70% stake in its Czech unit, its 5% stake in China Unicom, and its indirect 10.5% stake in Telecom Italia. Comment! [Tech, M&A]
- Wednesday, May 29, 5:16 PM Telecom Italia's (TI) wireline spinoff plans are "expected to win board approval tomorrow," Bloomberg reports. TI is reportedly thinking of selling a 30% stake in the spinoff, valued at $18B (6x EBITDA) by the company, to state bank "Cassa Depositi e Prestiti," and plans to make $13B in fiber investments over 10 years to modernize its infrastructure. The sale would help TI lower its $37B net debt burden. Bloomberg also reports Telefonica (TEF), which owns 22.4% of TI in tandem with 3 banks, "remains skeptical" of merging TI's mobile ops with Hutchison Whampoa's Italian mobile unit. (3-way split report) Comment! [Tech]
- Monday, May 27, 5:27 AM EU telecom chief Neelie Kroes hopes to put together a package of reforms that will be approved before European Parliament elections in May next year. The plan is to foster a single market for the industry across the bloc, although Kroes is giving up on the idea of a single regulator following opposition from member states. Comment! [Consumer, Tech]
- Monday, May 27, 4:52 AM Telefonica (TEF) and Megafon form a strategic partnership in which they will look to save costs on buying equipment, exchange technological knowledge, and possibly form new businesses such as in cloud services. The companies will also allow their corporate clients to access each others' network when roaming. (PR) 1 Comment [Tech, Consumer]
- Wednesday, May 8, 1:40 PM Investors are taking Telefonica's (TEF - unchanged) Q1 report in stride. The carrier saw revenue decline 8.8% Y/Y €14.1B, as European weakness (esp. in Spain) and Venezuela's currency devaluation offset Latin American growth. Net profit rose 21% Y/Y to €902M, and EPS was €0.20 ($0.26). LatAm made up 51% of revenue, and Brazil passed Spain to become Telefonica's largest market. Net debt fell by €653M Q/Q to €51.2B, as debt-reduction efforts continue. Postpaid net adds rose by 1.3M, and total connections +2% Y/Y to 315.7M. Mobile connections +3% to 247.3M, and mobile data is now 37% of mobile service revenue. Comment! [Tech, Earnings]
- Tuesday, May 7, 12:07 PM Telefonica (TEF -0.4%) is thinking of selling its massive/iconic Madrid HQ as part of its debt-reduction efforts, five sources tell Bloomberg. The HQ, which Telefonica tried to sell 5 years ago, has an estimated value of €1B ($1.3B); one source says Telefonica might lease back up to 90% of its space following a sale. Telefonica recently sold a 40% stake in its Central American assets for $500M to help lower its debt load, and is reportedly considering the sale of its Telecom Italia stake, China Unicom stake, and German wireline ops, as well as its Irish and Czech mobile units. 1 Comment [Tech, M&A]
- Thursday, April 25, 9:47 AM Telefonica (TEF -0.3%) is thinking of selling its German wireline ops, Bloomberg reports. One source adds Telefonica, which has been eying asset sales to pare its debt load, is open to sharing its mobile network with a rival or merging the business with KPN's (KKPNY.PK) E-Plus unit. Vodafone (VOD), which seems intent on growing its German wireline presence, is a logical buyer for the wireline business, which claims 2.4M broadband subs and has an estimated value of €2B ($2.6B). Liberty Global (LBTYA), reportedly eying Kabel Deutschland, is another possibility. Comment! [Tech, M&A]
- Monday, April 15, 4:29 PM Telefonica (TEF) responds to the $1.4 devaluation of accumulated dividends for its Venezualan unit (now valued at $3B) by announcing plans to increase the division's capex by 78% in 2013 to 3.9B bolivars ($619M) - foreign companies aren't allowed to repatriate their profits. Another $95M will be spent on spectrum licenses. The division's sales (boosted by massive inflation) are expected to grow 37% this year to $3.7B, and its OIBDA by 22% to $1.5B. 1 Comment [Tech]
- Friday, April 12, 3:49 AM Hutchison Whampoa would want to control any company created by merging its 3 Italia mobile unit with Telecom Italia's (TI) cellular operations. Hutchison would become TI's largest shareholder as part of the deal, possible causing the unravelling of the Telco consortium that holds 22.4% in the former monopoly. Telco includes Telefonica (TEF), Intesa Sanpaolo (IITOF.PK) and Mediobanca (MDIBF.PK). TI is also looking at spinning off its wireline operations. Shares +4.3% in Milan. Comment! [Tech, Consumer, M&A, On the Move]
- Thursday, April 11, 6:40 PM Following today's meeting, Telecom Italia's (TI) board has signed off on talks with Hutchison Whampoa about merging the companies' Italian mobile ops, formed a committee to quickly review any deal, and ordered management to study the feasibility of spinning off TI's Italian wireline ops. Regulators will undoubtedly take a close look at the fact TI and Hutchinson have a combined 45% of the Italian mobile market, easily eclipsing the 32% and 23% respectively held by Vodafone and Wind. Comment! [Tech, M&A]
- Thursday, April 11, 1:37 PM Telecom Italia (TI +5.9%) jumps as hopes of an Italian mobile merger with Hutchinson Whampoa grow. A Telecom Italia board meeting to discuss a possible merger took place today, and Hutchinson has stated it's willing to support a deal if it can obtain the largest stake in TI. That would mean a bigger stake than the 22.4% jointly held by Telefonica (TEF +0.4%) and three Italian banks. Hutchinson has reportedly been eying a ~30% stake, and Telefonica is reportedly willing to unload its position in TI. Regulatory and/or political opposition could still scuttle a deal. Comment! [Tech, On the Move, M&A]
- Tuesday, April 9, 11:26 AM Telefonica (TEF +1%) is willing to sell its 10.5% indirect stake in Telecom Italia (TI +4.3%), two sources tell Bloomberg. Telefonica has been insisting it has no plans to sell the stake, which is worth $1.6B and is the result of a 22.4% stake held by Telefonica and 3 Italian banks. But the European/Latin American carrier has been eying a variety of asset sales as it tries to further pare its debt load. Reported merger talks regarding TI and Hutchinson Whampoa's Italian mobile units could be influencing Telefonica's thinking. Comment! [Tech, M&A]
- Tuesday, April 9, 5:24 AM Telecom Italia (TI) shares +3.6% to €0.595 in Milan following a report that Hong Kong's Hutchison Whampoa (HUWHF.PK) could acquire a 29.9% holding in TI for €1.2 a share. In return, TI would be able to buy Hutchison mobile unit 3 Italia. The deal would make Hutchison the largest shareholder in TI, as its stake would exceed the 22.4% held by the Telco consortium, which includes Telefonica (TEF). 1 Comment [Tech, Consumer, M&A]
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Energysystems
$T apparently was rebuffed by Spain gov't in bid for $TEF. Opens up a lane to go after $VOD's non-VZW ops? That'd be nice. - View all 0 replies
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x oil -field
Confessions Of A 'DGI Lite' Investor by:SA Miz Magic Divi Dogs. $CTL $OFC $OHI $ORI $ORRF $SNH $TEF $UCBA http://seekingalpha.com/a/ift9 - View all 7 replies
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pollyserial: Kicking myself for bailing on TEF and EWP a few weeks back. Apparently needed to have more faith in Draghi's ability to baffle 'em w bs.
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Josh Krause: If that is the worst trade you ever made, you are a lucky man. Condolences, I was surprised with the buyback and divvy halt. -
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ca7711: any update on VE? their business is shedding revenue from asset divestiture and recession in Europe. Looking at this one as a turn around
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x oil -field
Confessions Of A 'DGI Lite' Investor by:SA Miz Magic Divi Dogs. $CTL $OFC $OHI $ORI $ORRF $SNH $TEF $UCBA http://seekingalpha.com/a/ift9 - View all 7 replies
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pollyserial: Kicking myself for bailing on TEF and EWP a few weeks back. Apparently needed to have more faith in Draghi's ability to baffle 'em w bs.
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Josh Krause: If that is the worst trade you ever made, you are a lucky man. Condolences, I was surprised with the buyback and divvy halt.
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taharqa11: I'm adding a little bit today or tomorrow. At least they have bit the bullet. Still profitable and good free cash flow.
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Caiman Valores: Tack I mean it is getting close to mgmt having to disclose the company structure going forward including asset sales and debt.
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Rubicon Associates: I see TEF 4/13's trading to yield 4.20% - might be something here for short maturity debt.
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Caiman Valores
TEF took a 9% hit, but still plenty of articles making the bull case. Looks more and more like a value trap. http://seekingalpha.com/a/es3l - View all 2 replies
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Rubicon Associates: You called this one spot on. Keep 'em coming from Colombia. Mike
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Caiman Valores: Thanks Mike, it hasn't been a good time to be a Telefonica share holder it is concerning that there are still articles making the bull case.
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Caiman Valores
Telefonica (TEF), is reportedly seeking to sell its Call Centre unit for $1B as part of its debt reduction strategy. - View all 1 replies
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The Hammer: F&^%en idiot running the company should be fired. Leverage up then deleverage. maybe an investment banking job would suit him.
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Ricardo Espinosa
SAN will be on a bullish breakout if it closes above its 50daymonkeyaverage= 5.99, now @6.06, TEF is up +1%, going for that $12.74 50dma. - View all 2 replies
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Ricardo Espinosa
TEF confirmed uptrend started on the weekly chart, RSI also suggests higher prices, breaking the 50dma ($13.00) will target $13.36 & 14.16. - View all 2 replies
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neobliviscar: Not getting the prices I want on the bonds, though the sell side volume is up. Downgrade looks exceptionally well baked-in. -
pollyserial: indeed. i thought about selling part of my equity position but glad i didn't. looks fairly well bunker-ized at this point.
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neobliviscar
YES- Finally the TEF bond downgrade! I've been waiting for it. Been wanting to bargain buy their bonds for 9 months. *Maniacal Laughter* - View all 4 replies
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neobliviscar: In other words... not so Maniacal at the moment. I feel more like a Muppet in the Goldman Sachs sense of the word.
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DaLatin: neo,very good news ! hatip. Bonds on mega companies r a great way to lock in yields. Unless,US Supreme Court has ability to rule across pond