Telefónica committed $200 million (€175 million) to the formation of an investment platform that it said will help drive the creation and supply of new products and services for its customers in Europe and Latin America.
Telefónica disappointed analysts with its first-quarter earnings, with the operator's domestic performance detracting from an overall increase in net income compared to the same period of 2014.
Hutchison Whampoa and VimpelCom confirmed this week that they are in exploratory talks to merge their respective Italian mobile units in a joint venture, marking the latest effort by the Hong Kong-based company to expand its European operations.
Orange is in talks with a number of potential buyers for some of the fibre assets it would gain as part of an acquisition of Spanish broadband provider Jazztel, as it attempts to secure regulatory approval for the deal.
UK mobile payments venture Weve could soon be broken up, as reports say the planned sale of founding partner O2 UK to Hutchison Whampoa would dismantle the existing three-year partnership.
Telefónica is preparing to deploy subscriber management software from Alcatel-Lucent and consultancy Accenture in a bid to improve customer care in Europe and Latin America.
European Union anti-trust regulators have now given themselves until June 1 to decide whether or not to approve Orange's plan to buy Spanish fixed-line operator Jazztel, after resuming their scrutiny of the proposed €3.4 billion ($3.65 billion) acquisition.
Telefónica said it is beginning a 'new journey in the Brazilian market" after receiving approval from Brazil's antitrust authority, Cade, to acquire fixed-line operator Global Village Telecom (GVT) from Vivendi.
Telefónica and Hutchison Whampoa Group face a "fraught" battle with competition authorities as they seek approval to merge their UK businesses, a leading Ovum analyst warned.
FRANKFURT, Germany--The spectrum requirements of future 5G networks and services are expected to be broad and varied, and mobile operators continue to stress that exclusive licence regimes remain the preferred solution and should be extended further.