Telefonica S.A - ADR Stock News

Spanish telecoms group Telefonica is looking to buy telecom assets and free up resources by selling its Spanish-speaking Latin American assets, as CEO Marc Murtra plots a broader vision for Europe's telco sector.

The Spanish government has cancelled a fiber-optic service contract with Telefonica over the use of equipment made by China's Huawei amid concerns in Europe that such gear may pose a security risk, the Digital Transformation Ministry said.

Telefonica is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona , news website El Confidencial reported on Tuesday, citing unidentified sources.

Telefonica renewed a contract with Chinese manufacturer Huawei (HWT.UL) to supply equipment for its 5G mobile core network for retail customers in Spain until 2030, El Pais newspaper reported on Thursday, citing unnamed industry sources.

Spanish telecom giant Telefonica is replacing all of its 5G equipment made by Chinese manufacturer Huawei in Spain and Germany to comply with local rules, but it intends to keep it in Brazil.

The plan to spin off joint venture Virgin Media O2's fixed network in Britain had been scrapped, Telefonica's Chief Executive Marc Murtra told Reuters on Wednesday.

Telefónica, S.A. (NYSE:TEF ) H1 2025 Earnings Call July 30, 2025 4:00 AM ET Company Participants Emilio Gayo Rodríguez - COO & Executive Director Laura Abasolo García de Baquedano - Chief Financial and Control Officer & Head of Hispanoamerica Lutz Schuler - Chief Executive Officer of Virgin Media O2 Marc Thomas Murtra Millar - Executive Chairman & CEO Markus Haas - CEO & Chairman of Telefónica ...

Spanish telecom giant Telefonica booked a net loss of 51 million euros ($58.93 million) in the second quarter due to currency swings and capital impairments on assets sold in Latin America.