Tag #Telefónica

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elmundo.es

🌐 85% Global Worthiness

Feb 10, 04:07

Government-Influenced CEO Change at Telefónica Sparks Investor Concerns

The Spanish government's replacement of Telefónica's CEO, José María Álvarez-Pallete, with Marc Murtra, has triggered widespread concern among analysts due to perceived political influence, potentially harming the company's stock valuation and investor confidence.

Government-Influenced CEO Change at Telefónica Sparks Investor Concerns

The Spanish government's replacement of Telefónica's CEO, José María Álvarez-Pallete, with Marc Murtra, has triggered widespread concern among analysts due to perceived political influence, potentially harming the company's stock valuation and investor confidence.

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What are the immediate market consequences of the government-influenced CEO change at Telefónica, and how does this affect investor confidence?

Telefónica's stock performance has underperformed European sector indices this year, significantly lagging behind competitors like Telecom Italia, Deutsche Telekom, and Orange. The recent replacement of CEO José María Álvarez-Pallete with Marc Murtra, a government appointee, has raised concerns among analysts about increased political risk and potential negative impacts on the company's valuation.

elmundo.es

🌐 85% Global Worthiness

Jan 20, 07:11

Spanish Government Orchestrates Telefónica CEO Resignation Amidst Concerns of Political Interference

The Spanish government orchestrated the resignation of Telefónica CEO José María Álvarez-Pallete, citing concerns over a Saudi Arabian telecom company's potential takeover, but the move appears politically motivated, pressuring La Caixa and potentially setting a concerning precedent for government i...

Spanish Government Orchestrates Telefónica CEO Resignation Amidst Concerns of Political Interference

The Spanish government orchestrated the resignation of Telefónica CEO José María Álvarez-Pallete, citing concerns over a Saudi Arabian telecom company's potential takeover, but the move appears politically motivated, pressuring La Caixa and potentially setting a concerning precedent for government i...

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What were the underlying reasons for the government's intervention in Telefónica's leadership change, and how did it involve other key stakeholders?

The government's actions, involving a seemingly secretive agreement with Saudi Arabia's STC, contradict their stated reasons. This intervention also pressured La Caixa, a significant Spanish stakeholder, to accept the change, highlighting the government's extensive reach into private sector decisions.

elpais.com

🌐 85% Global Worthiness

Jan 18, 19:08

Marc Murtra Appointed Chairman of Telefónica

Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...

Marc Murtra Appointed Chairman of Telefónica

Marc Murtra, former Indra chairman, has been appointed chairman of Telefónica, Spain's largest telecommunications company, bringing his experience in navigating complex shareholder dynamics and driving strategic changes in publicly held companies. This appointment follows significant changes within ...

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How does Murtra's experience at Indra, particularly during its recent strategic shift, inform his potential approach to leading Telefónica?

Murtra's appointment signifies a shift in Telefónica's leadership, reflecting the company's evolving shareholder landscape. His prior role at Indra, where he oversaw significant restructuring and strategic shifts amid geopolitical tensions, showcases his experience in managing complex situations within publicly held companies. His ties to SEPI, a major shareholder in both Indra and Telefónica, suggest a continuation of the government's influence.

elpais.com

🌐 75% Global Worthiness

Jan 18, 19:08

Telefónica Chairman to Receive €23 Million Severance

Telefónica's chairman, José María Álvarez-Pallete, will receive a €23 million severance package upon his departure, as per his contract, which includes four years of salary and bonuses, but prohibits him from working for a similar company for two years.

Telefónica Chairman to Receive €23 Million Severance

Telefónica's chairman, José María Álvarez-Pallete, will receive a €23 million severance package upon his departure, as per his contract, which includes four years of salary and bonuses, but prohibits him from working for a similar company for two years.

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What is the total amount of severance pay José María Álvarez-Pallete will receive upon leaving Telefónica, and what factors determine this amount?

José María Álvarez-Pallete's departure from Telefónica will result in a €23 million severance package, based on his contract's terms as detailed in the company's remuneration report. This covers four years' salary, including his 2023 fixed salary (€1.9 million) and average bonuses from the past two years (€3.7 million).

cincodias.elpais.com

🌐 75% Global Worthiness

Jan 14, 01:10

Telefónica Refinances €5.5 Billion Credit Line, Extending Maturity to 2032

Telefónica completed the refinancing of its €5.5 billion syndicated credit line, extending its maturity to January 2030 with options to extend until 2032, linked to sustainability and gender equality targets, and oversubscribed by 34%.

Telefónica Refinances €5.5 Billion Credit Line, Extending Maturity to 2032

Telefónica completed the refinancing of its €5.5 billion syndicated credit line, extending its maturity to January 2030 with options to extend until 2032, linked to sustainability and gender equality targets, and oversubscribed by 34%.

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What is the significance of Telefónica's €5.5 billion syndicated credit line refinancing for its financial stability and future investment plans?

Telefónica successfully refinanced its €5.5 billion syndicated credit line, extending its maturity to January 2030 with options to extend further to 2032. The refinancing was oversubscribed by 34%, exceeding expectations and demonstrating strong investor confidence. This strengthens Telefónica's long-term liquidity.

elpais.com

🌐 75% Global Worthiness

Dec 15, 16:12

Death of Telefónica Vice Chairman José Javier Echenique

José Javier Echenique, former BBVA director-general and Telefónica vice chairman, died at 74 on December 30th, 2023, from a massive stroke after attending a funeral and lunch with business associates on Thursday and Friday.

Death of Telefónica Vice Chairman José Javier Echenique

José Javier Echenique, former BBVA director-general and Telefónica vice chairman, died at 74 on December 30th, 2023, from a massive stroke after attending a funeral and lunch with business associates on Thursday and Friday.

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What is the significance of José Javier Echenique's death for the Spanish business world?

José Javier Echenique, a prominent figure in Spanish business, passed away at 74 due to a massive stroke. His death follows the recent passing of another influential businessman, highlighting a period of significant loss for the Spanish corporate world.

elmundo.es

🌐 85% Global Worthiness

Jan 24, 13:12

STC Increases Telefónica Stake to 9.97%, Seeks Board Seat

Saudi Telecom Company (STC) now holds a 9.97% stake in Telefónica, making it the second-largest shareholder after the Spanish government, and is seeking a board seat, prompting concerns about national security but also opening possibilities for business collaborations.

STC Increases Telefónica Stake to 9.97%, Seeks Board Seat

Saudi Telecom Company (STC) now holds a 9.97% stake in Telefónica, making it the second-largest shareholder after the Spanish government, and is seeking a board seat, prompting concerns about national security but also opening possibilities for business collaborations.

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What are the immediate consequences of STC's increased stake in Telefónica and its pursuit of a board seat?

Saudi Telecom Company (STC) has increased its stake in Telefónica to 9.97%, becoming the second-largest shareholder. This follows STC's September 2023 acquisition of a 4.9% stake and its recent execution of options to increase its holding. STC has also announced its intention to seek a seat on Telefónica's board of directors.

elmundo.es

🌐 75% Global Worthiness

Jan 20, 19:08

Spanish Government Defends Telefónica Leadership Appointment

The Spanish government defends its role in appointing Marc Murtra as Telefónica's new president, highlighting his expertise in cybersecurity and AI and denying any political motivation; simultaneously, Spain will request EU Solidarity Fund aid for post-dana reconstruction, and delays in submitting t...

Spanish Government Defends Telefónica Leadership Appointment

The Spanish government defends its role in appointing Marc Murtra as Telefónica's new president, highlighting his expertise in cybersecurity and AI and denying any political motivation; simultaneously, Spain will request EU Solidarity Fund aid for post-dana reconstruction, and delays in submitting t...

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What is the Spanish government's justification for its involvement in Telefónica's leadership change?

The Spanish government defends its role in appointing Marc Murtra as Telefónica's new president, emphasizing it as a normal operational decision to strengthen the company's competitiveness in key sectors like cybersecurity and artificial intelligence. The Minister of Economy, Carlos Cuerpo, stated that Murtra's expertise in these areas will be valuable. No political influence is claimed.

elmundo.es

🌐 85% Global Worthiness

Jan 18, 13:07

Spanish Government Pushes for Telefónica Leadership Change

The Spanish government, having become Telefónica's largest shareholder after a €2.3 billion investment, is pushing for a leadership change, proposing Indra chairman Marc Murtra to replace CEO José María Álvarez-Pallete, who is willing to step down if shareholders desire.

Spanish Government Pushes for Telefónica Leadership Change

The Spanish government, having become Telefónica's largest shareholder after a €2.3 billion investment, is pushing for a leadership change, proposing Indra chairman Marc Murtra to replace CEO José María Álvarez-Pallete, who is willing to step down if shareholders desire.

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What is the immediate impact of the Spanish government's actions on Telefónica's leadership and future direction?

The Spanish government, after becoming Telefónica's largest shareholder with a 10% stake, is pushing for a change in leadership, prompting CEO José María Álvarez-Pallete's potential departure after eight years. The government's SEPI agency is proposing Indra's chairman, Marc Murtra, as a replacement. This follows a €2.3 billion investment by SEPI to surpass other shareholders.

cincodias.elpais.com

🌐 85% Global Worthiness

Jan 15, 10:10

Telefónica Suffers Data Breach, 2.3 GB of Data Stolen

A cyberattack on Telefónica on January 9th, 2024, compromised 2.3 GB of data, including internal documents and client-related tickets (non-residential), accessed through compromised employee credentials, linking the attack to the Hellcat ransomware group.

Telefónica Suffers Data Breach, 2.3 GB of Data Stolen

A cyberattack on Telefónica on January 9th, 2024, compromised 2.3 GB of data, including internal documents and client-related tickets (non-residential), accessed through compromised employee credentials, linking the attack to the Hellcat ransomware group.

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What was the immediate impact of the January 2024 cyberattack on Telefónica, and what specific data was compromised?

On January 9th, 2024, Telefónica experienced a cyberattack resulting in the theft of approximately 2.3 gigabytes of data, including internal documents and tickets. While some data was client-related, it did not involve residential or private customer information. The company has taken measures to block unauthorized access and reset affected passwords.

elmundo.es

🌐 75% Global Worthiness

Dec 26, 16:08

Telefónica Fined €1.3 Million for GDPR Violations

Spain's data protection agency fined Telefónica €1.3 million for violating GDPR articles 5.1.f and 32 regarding data security, a decision Telefónica has appealed to the National High Court.

Telefónica Fined €1.3 Million for GDPR Violations

Spain's data protection agency fined Telefónica €1.3 million for violating GDPR articles 5.1.f and 32 regarding data security, a decision Telefónica has appealed to the National High Court.

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How does this ruling reflect the broader enforcement of the GDPR within the EU, and what are its implications for data security practices?

The AEPD's action highlights the increasing scrutiny of data protection compliance within the EU. The sanctions target Telefónica's failure to implement sufficient technical and organizational measures to safeguard personal data, emphasizing the GDPR's stringent requirements for data security. This case underscores the substantial financial penalties for non-compliance.

Showing 37 to 47 of 47 results