Telefonica

The Spanish state’s investment company moved closer towards its target of owning ten per cent equity in Telefonica, with the latest batch of shares bought taking it to the six per cent mark.

Spanish investment holding company CriteriaCaixa increased its stake in Telefonica to just more than 5 per cent, the latest institution in the country to buy up shares in the group after stc splashed in excess of €2 billion on a significant interest.

Telefonica Deutschland inked a five-year agreement with construction company Hochtief to supply M2M SIM cards for Electric Vehicle (EV) charging stations.

Spain’s government acquired a 3 per cent stake in Telefonica through a state holding company, as part of attempts to counterbalance Saudi operator stc’s presence in the company.

Telefonica Tech UK and Ireland unveiled a suite of enterprise cybersecurity tools designed to counter a changing threat landscape, introducing new monitoring and detection technologies as part of the offering.

INTERVIEW: Jose Maria Alvarez-Pallete, president and CEO of Telefonica (pictured), argued the GSMA Open Gateway API initiative could unlock billions in fresh revenue for operators, delivering an impact not felt since the introduction of roaming almost 40 years ago.

Justin Springham is joined by José María Álvarez-Pallete, Chairman & CEO, at MWC24 to discuss the GSMA Open Gateway initiative and how it is shaping the future of connectivity.