telefonica sa-spon adr (TEF) Key Developments
Kazam Mobile Reaches Agreement with Telefonica to Sell Trooper 450 and Life B5 Handsets in Spain
Jan 27 15
Kazam Mobile has reached an agreement with Telefonica to begin selling its Trooper 450 and Life B5 handsets in Spain via the Movistar brand from February. The Trooper 450 smartphone comes with a 5-inch screen, quad-core 1.3 GHz processor, 512MB RAM, 4GB of internal storage and a 5-megapixel main camera, while the low-cost Life B5 'bar' phone has a physical keyboard with large, well-spaced keys, a 2.4-inch QVGA screen, 1,000 mAh removable battery as well as a 1.3-megapixel camera. Kazam will be giving 12-months free access to its Kazam Rescue repair service to all those acquiring a Trooper 450 handset.
Li Ka-shing Reportedly In Talks To Buy Telefónica For Approximately £10 Billion
Jan 23 15
Hutchison Whampoa Limited (SEHK:13), investment vehicle of Li Ka-shing mulls acquisition of Telefónica UK Limited from Telefónica, S.A. (BUSE:TELEFONICA). Hutchison Whampoa Ltd is set to buy Telefonica's British mobile unit O2 in a deal valued at more than £10 billion, a source with direct knowledge of the matter said. The agreement is likely to be announced on January 23, 2015 and will mark the latest move towards telecoms consolidation in Britain, where the market is split between four mobile network operators and four separately owned fixed-line and broadband providers. A Hong Kong-based Hutchison spokesman did not reply to an email seeking comment. Hutchison confirmed in a statement that it was in talks to buy O2 from Telefonica for £9.25 billion, with a deferred further payment of up to £1 billion after completion of the deal.
Telefonica S.A. Enters into New Partnership with SoftBank Telecom
Jan 22 15
Telefonica S.A. has entered into a new partnership with SoftBank Telecom in Japan. SoftBank Telecom and Telefonica Global Solutions will jointly address multinationals business in Japan working in conjunction with Telefonica's existing offices in Hong Kong, Beijing, Shanghai and Singapore. Telefonica continues building its global reach, enabling multinationals to leverage Telefonica's global purchasing power and managed services, and acting as a gateway and key partner for added value IT services with the unique support of SoftBank Telecom.
Telefonica and Sarquavitae Unveils Telecare Service
Jan 21 15
Telefonica has joined forces with SARquavitae to launch a mobile telecare service dubbed Te Acompana. The service is aimed at users with some type of dependency or disability, allowing them to count on assistance at any time, both inside and outside their homes, without having to give up their independence. Users are given a simple mobile device with a Movistar SIM card that can be set up with the features and alarms they or their families and carers believe are required. The device then automatically sends the alarms to the 24-hour a day care centre managed by SARquavitae and staffed by social and health professionals, who will immediately provide the appropriate response. SARquavitae will also make proactive calls at least twice a month to enquire about the user's status. The Te Acompana service costs EUR 23.75 per month (including VAT) and subscriptions can be cancelled at any time.
Telefónica Granted 18 Months To Exit Telecom Italia
Dec 23 14
Telefónica, S.A. (CATS:TEF) has been granted 18 months to divest its stake in Telecom Italia S.p.A. (BIT:TIT) and exit the company by Agencia Nacional de Telecomunicacoes (Anatel). The decision follows Anatel's approval of the dissolution of holding firm Telco, Telecom Italia's largest shareholder. Telefonica will hold a 14.8% stake in Telecom Italia.