Friday, September 18, 2020

Social Links

Share This

Telefónica say there will be 100% fibre coverage in Spain by 2025

The Digital Deal will see Telefónica “make the greatest effort to promote the complete digitalisation of Spain: it is committed to ensuring that by 2025 fibre optics will cover one hundred percent of the country, and to be a leader in the implementation of 5G technology.

“This is Telefónica's service commitment to reactivating the economy and rebuilding life. Digitalisation is essential. With this Digital Deal, Telefónica shows that it is no longer enough to adapt to change, but that it must anticipate and lead this profound transformation.”

Digital reinvention of Spain

Telefónica reckons the “digital reinvention” of Spain have an annual impact of about 1.8% of GDP between now to 2025.

Spain already has one of the most advanced digital infrastructures in Europe and the most advanced of any of the larger nations.

The operator said that the European agreement reached in the early hours of 21 July assigns a critical role to the green and digital transition within the European economic and social recovery.

"We know the importance of the challenge. It is time to move from theories to facts for reconstruction; from the macro to the micro, so aid can reach people as soon as possible. We must be ready to take Europe's outstretched hand," said Telefónica's Chair, José María Álvarez-Pallete.

A Deal with five priorities:
• Boosting digitalisation for a more sustainable society and economy;
• Addressing inequalities by investing in digital skills and adapting the welfare state;
• Building inclusive and sustainable connectivity;
• Ensuring fair competition by modernising the fiscal, regulatory and competition frameworks; and
• Improving trust through ethical and responsible use of technology.

The company said the Deal the next step on the evolutionary path set out in its 2014 Digital Manifesto, and that thanks to that strategy, the Digital Revolution finds Spain not only ready, but at the forefront due to its advanced infrastructure.

Fallout from the pandemic

Like many European operators, Telefónica did much to offset the effects of the pandemic for customers and the wider community. It used its experience in logistics and in global supply chains to bring 150 tonnes of healthcare material to Spain, including 52 ventilators that went from factories in China to hospitals in Spain in 100 hours.

It deployed the network and circuits free of charge in the temporary hospital of the Community of Madrid in IFEMA, the largest field hospital in Europe, and advanced €75 million to help SMEs and the self-employed, including debt deferral and advance payment of invoices to suppliers – and more.

However, the pandemic appears to have hit Telefónica Group harder than some of its peers, although like the rest, it claimed the pandemic has shown its resilience.

Sharp drop

Total revenues the first half of the financial year, to the end of June, fell 10% compared to the same period last year, and the last quarter, saw revenues drop 14.8%. The good news was that efficiency improvements and use of capital to pursue growth meant cash flow in the Group’s four key markets of Spain, Brazil, Germany and the UK grew 2.6% in organic terms in the first half.

At the end of June, net debt stood at an eye-watering €37.201 billion, down 7.5% year-on-year, but the company said it stood by its guidance and dividends forecast.

More Stories

Sep.06

Economics Europe

Global Institutional Investors Are Rushing to Bitcoin in Droves

For some time now, people within the crypto space have been stating that institutional investors are rushing into the crypto arena and looking to trade digital assets.

Sep.06

Cyber Europe

RAT trojan attacks UK and EU FinTechs

The Evilnum APT has added the ‘RAT’ to its arsenal of cyber tools.

Sep.04

Telecomms Europe

France will invest €250m in broadband to aid Covid recovery

Prime Minister Jean Castex described the plan as having "historic ambition and scope," adding, "In proportion to the national wealth, it is the most massive recovery plan announced to date...

Sep.04

Telecomms Europe

TIM announces new European record for 5G at over 4Gbps

TIM is claiming leadership in "5G innovation" after running the first connection in Europe that can permanently exceed a downlink speed of 4 Gbps on a 5G live network with...

Sep.04

Telecomms Europe

Telefónica Spain 5G is here, promises service to 75% of population this year

The announcement was made by Álvarez-Pallete, who stressed that “the launch of our 5G network constitutes a leap forward towards the hyperconnectivity that will change the future of Spain”.

Sep.04

Cyber Europe

Research Technology Officer Vacancy Berlin Germany

The Max Planck Institute for the History of Science (MPIWG) is seeking a

Sep.03

Automotive Europe

Swedish e-scooter brand Voi to lead UK transport trial

Swedish e-scooter brand Voi has been chosen to run a trial of the transport mode across the West Midlands with the promise of creating 120 new jobs.

Sep.03

Automotive Europe

Nissan hails breakthrough in carbon fibre materials for mass car production

Automotive giant Nissan has developed a way of incorporating a material used into airplanes, rockets and sports into mass-market vehicles to improve their performance.

Sep.03

Economics Europe

Earn a Second Income on eToro

The social trading platform eToro has now made it possible to earn a second income with their ever Popular Investor program.

Sep.02

Cyber Europe

Cryptomining trojan malware found by by ESET

A previously unknown trojan malware that spreads through malicious torrents has been uncovered by an ESET cybersecurity team, dubbed KryptoCibule by the researchers.

Aug.03

Cyber Europe

EU’s First Cyber-Warfare Sanctions Target Biggest Threats

The UK has said it welcomes cyber-crime sanctions imposed by the EU on individuals and organisations in Russia, China and North Korea.

Jul.30

Telecomms Europe

Telefónica say there will be 100% fibre coverage in Spain by 2025

The Digital Deal will see Telefónica “make the greatest effort to promote the complete digitalisation of Spain: it is committed to ensuring that by 2025 fibre optics will cover one...

Jul.06

Economics Europe

Deutsche Bank agrees to multi-year Google Cloud deal to accelerate move off-premise

Deutsche Bank has formed a multi-year technology alliance with Google Cloud that will see the pair work on migrating more of the firm’s legacy systems to the cloud, while creating...

Jul.03

Economics Europe

Europe's economies may recover faster than the US

Economists today said Europe may recover faster from the Covid crisis from the US, in a reversal of the fallout from the 2008 financial crisis.

Jul.02

Cyber Europe

Euro police forces infiltrated encrypted phone biz criminals and EncroChat users

French and Dutch police have boasted of infiltrating and killing off encrypted chat service EncroChat, alleging it was used by organised crime gangs to plot murders, sell drugs, launder criminal...

Jul.01

Telecomms Europe

Germany's Vodafone and univerisity hospital build Europe's first 5G clinic

It will use Vodafone’s recently launched RedBox, Vodafone, described as a 5g network in a box, which is the core of the operator’s private enterprise offering for campus networks.

Jun.29

Cyber Europe

European Commission’s proposal highlights European money laundering

Last month, the European Commission proposed a new set of guidelines to fight money laundering in Europe, including the creation of a new authority to police financial crime.

Jun.22

Economics Europe

German recruitment market struggling

As COVID-19 continues to impact how businesses operate, German recruitment firms have seen a further reduction in recruitment activity, although the extreme falls seen at the beginning of the crisis...

Jun.09

Economics Europe

Binance 2020 Review

Even if you don't know much about Cryptocurrency trading, there’s a good chance that you’ve heard of Binance.

Top Tech Europe

Cyber Europe

EU’s First Cyber-Warfare Sanctions Target Biggest Threats

The UK has said it welcomes cyber-crime sanctions imposed by the EU on individuals and organisations in Russia, China and North Korea.

By Site Owner - Aug.03

Cyber Europe

RAT trojan attacks UK and EU FinTechs

The Evilnum APT has added the ‘RAT’ to its arsenal of cyber tools.

By Site Owner - Sep.06

Economics Europe

Earn a Second Income on eToro

The social trading platform eToro has now made it possible to earn a second income with their ever Popular Investor program.

By Site Owner - Sep.03

Automotive Europe

Nissan hails breakthrough in carbon fibre materials for mass car production

Automotive giant Nissan has developed a way of incorporating a material used into airplanes, rockets and sports into mass-market vehicles to improve their performance.

By Site Owner - Sep.03

Log in or Sign up