Aankondiging • May 10
Telefónica, S.A. Announces Dividend for the Year 2024 Telefónica, S.A. announced 2024 dividend of €0.30 per share in cash will be paid the 19th December 2024 (€0.15) and June 2025 (€0.15). Aankondiging • May 09
Telefónica, S.A. Announces Board Changes The Board of Directors of Telefónica unanimously resolved, at its meeting held May 8,2024, to accept the voluntary resignation presented by Ms. Carmen García de Andrés from her position as Director of Telefónica, for personal reasons and in order to contribute to the process of orderly renewal of the Board of Directors of Telefónica. The Board of Directors has expressed its gratitude to Ms. Carmen García de Andrés for the services rendered to Telefónica during her tenure. Consequently, Ms. Carmen García de Andrés is no longer member of the Board of Directors' Committees of which she was member. In particular, the Audit and Control Committee and the Sustainability and Regulation Committee. In order to fill the abovementioned vacancy, and following a favorable report from the Nominating, Compensation and Corporate Governance Committee, the Board of Directors of the Company has resolved to appoint, by co-optation, Mr. Carlos Ocaña Orbis as Proprietary Director to the Board of Directors of Telefónica, nominated by the shareholder Sociedad Estatal de Participaciones Industriales. Likewise, the Board of Directors of the Company has resolved, following a favorable report from the Nominating, Compensation and Corporate Governance Committee to appoint Mr. Carlos Ocaña Orbis as Member of the Executive Commission and the Audit and Control Committee. Aankondiging • Apr 13
Telefónica, S.A. Approves Distribution of Cash Dividend for the Year 2024, Payable on June 20, 2024 and December 19, 2024 Telefónica, S.A. at its AGM held on April 12, 2024 approved distribution of dividends in cash with a charge to unrestricted reserves, through the payment in 2024 of the fixed amount of EUR 0.30, payable in two tranches, to each of the existing shares of Telefónica, S.A. entitled to participate in such distribution on the following payment dates. -The first payment of EUR 0.15 per share in cash will be carried out on June 20, 2024 through the entities participating in Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR). -The second payment of EUR 0.15 per share in cash will be paid on December 19, 2024 through the entities participating in Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.U. (IBERCLEAR). ex date for June payment is June 18, 2024 and for December payment is December 17, 2024, record date for the June payment is June 19, 2024 and for December payment is December 18, 2024. Aankondiging • Apr 12
Criteria Caixa, S.A.U Engages in Discussions with Management of Telefónica On April 12, 2024, Criteria Caixa, S.A.U announced that it intends to review its investment in Telefónica, S.A and have discussions with representatives of the Company and/or other stockholders of the Company from time to time and, as a result thereof, may at any time and from time to time determine to take any available course of action and may take any steps to implement any such course of action. Aankondiging • Mar 26
Sociedad Estatal de Participaciones Industriales acquired a 3.04% stake in Telefónica, S.A. for €700 million. Sociedad Estatal de Participaciones Industriales acquired a 3.04% stake in Telefónica, S.A. for €700 million on March 25, 2024.Sociedad Estatal de Participaciones Industriales completed the acquisition of a 3.04% stake in Telefónica, S.A. on March 25, 2024. Aankondiging • Mar 09
Telefónica, S.A., Annual General Meeting, Apr 12, 2024 Telefónica, S.A., Annual General Meeting, Apr 12, 2024, at 11:00 Central European Standard Time. Location: Madrid, at the offices of Telefónica, S.A. located in Distrito Telefónica, Ronda de la Comunicación s/n, Central Building Auditorium Madrid Spain Agenda: To discuss re-election of independent directors; to discuss Reduction of share capital through the cancellation of own shares, excluding the right of creditors to object, amending the text of Article 6 of the By-Laws relating to share capital; to discuss Shareholder compensation Distribution of dividends from unrestricted reserves; to approval of a Long-Term Incentive Plan consisting of the delivery of shares of Telefónica, S.A. to Senior Executives of the Telefónica Group; to discuss Delegation of powers to formalize, interpret, rectify and carry out the resolutions adopted by the shareholders at the General Shareholders’ Meeting; and to discuss consultative vote on the 2023 Annual Report on Directors Remuneration. Aankondiging • Dec 21
Telefonica's Shares Soar After Spanish Government Unveils Plan to Buy Stake Telefónica, S.A.'s (BME:TEF) shares soared on December 20, 2023 morning after the Spanish government said on December 19, 2023 it would buy a stake of up to 10% in the company in a counter balance to a similar acquisition by Saudi Arabia's STC. Telefonica shares were up 6% at €3.78 in early morning trading, on track to its best day since Nov. 22, 2021. The share is the top gainer in the STOXX 600 index. State holding company SEPI (Sociedad Estatal de Participaciones Industriales) said on December 19, 2023 it would buy the shares in a way that would minimise the impact on market price though it did not give a time frame. A 10% stake had a market value of around €2 billion ($2.19 billion) as of December 19, 2023 evening. The move is a response to the STC announcement it had built a 9.9% stake in Telefonica in September. Aankondiging • Dec 13
Telefónica, S.A. Announces Board and Committee Changes The Board of Directors of Telefónica, S.A., following a favorable report from the Nominating, Compensation and Corporate Governance Committee, unanimously adopted, at its meeting held on December 13, 2023, the following resolutions in relation to its Board of Directors and its Committees: Changes relating to the Board of Directors: To accept the voluntary resignations presented by Mr. Peter Erskine (Director Other External) and Mr. Juan Ignacio Cirac Sasturain (Independent Director) from their positions as Directors of Telefónica, for personal reasons and in order to contribute to the process of orderly renewal of the Board of Directors of Telefónica. The Board of Directors has expressed its gratitude for the services rendered to Telefónica during their respective tenures. Consequently, Mr. Peter Erskine and Mr. Juan Ignacio Cirac Sasturain are no longer members of the Board of Directors' Committees of which they were members. In particular, Mr. Erskine was Chairman of the Strategy and Innovation Committee and Member of the Nominating, Compensation and Corporate Governance Committee. Mr. Cirac Sasturain was Member of the Regulation and Institutional Affairs Committee and of the Strategy and Innovation Committee. -In order to fill the vacancies described above, and at the proposal of the Nominating, Compensation and Corporate Governance Committee, to appoint Mr. Alejandro Reynal Ample and Ms. Solange Sobral Targa, both as Independent Directors, to the Board of Directors of Telefónica, by interim appointment procedure. Changes relating to the Board of Directors’ Committees: In order to simplify and adapt the organizational structure of the Board of Directors' Committees to the current composition of the Company's governing body, and to strengthen the strategic definition and supervision function of the Company's Board of Directors: to eliminate the Strategy and Innovation Committee, and to integrate the Regulation and Institutional Affairs Committee and the Sustainability and Quality Committee into a single Committee, which will be renamed as the Sustainability and Regulation Committee. To appoint Member of the Executive Commission Ms. Claudia Sender Ramírez. To appoint Member of the Audit and Control Committee Ms. María Luisa García Blanco. To appoint Member of the Nominating, Compensation and Corporate Governance Committee Ms. Verónica Pascual Boé. To appoint Members of the new Sustainability and Regulation Committee Mr. Francisco Javier de Paz Mancho, Mr. José María Abril Pérez, Ms. María Luisa García Blanco, Ms. Carmen García de Andrés, Ms. María Rotondo Urcola and Ms. Solange Sobral Targa. Likewise, the new Sustainability and Regulation Committee has agreed to appoint Mr. Francisco Javier de Paz Mancho as its Chairman. Consequently, the composition of the Committees is the following: Executive Commission: Mr. José María Álvarez-Pallete López (Chairman); Mr. Isidro Fainé Casas; Mr. José María Abril Pérez; Mr. José Javier Echenique Landiríbar; Mr. Ángel Vilá Boix; Mr. Peter Löscher; Mr. Francisco Javier de Paz Mancho; Ms. Claudia Sender Ramírez. Audit and Control Committee: Mr. Peter Löscher (Chairman); Mr. José Javier Echenique Landiríbar; Ms. María Luisa García Blanco; Ms. Carmen García de Andrés; Ms. María Rotondo Urcola. Nominating, Compensation and Corporate Governance Committee: Mr. José Javier Echenique Landiríbar (Chairman); Ms. María Luisa García Blanco; Mr. Peter Löscher; Ms. Verónica Pascual Boé; Mr. Francisco Javier de Paz Mancho. Sustainability and Regulation Committee: Mr. Francisco Javier de Paz Mancho (Chairman); Mr. José María Abril Pérez; Ms. María Luisa García Blanco; Ms. Carmen García de Andrés; Ms. María Rotondo Urcola; Ms. Solange Sobral Targa. In Madrid, December 13, 2023. Aankondiging • Nov 09
Telefónica, S.A. to Report Fiscal Year 2023 Results on Feb 22, 2024 Telefónica, S.A. announced that they will report fiscal year 2023 results on Feb 22, 2024 Aankondiging • Nov 08
Telefonica to Launch EUR 1.97 Billion Bid to Fully Acquire German Unit Spanish telecoms giant Telefonica SA (BME:TEF) said it has decided to launch an offer to acquire the 28.19% stake in its German unit it still does not own for up to EUR 1.97 billion (USD 2.12 billion). The Spanish company, which holds about 71.81% in Telefónica Deutschland Holding AG (ETR:O2D), will propose EUR 2.35 apiece for the remaining up to 838.45 million shares. The bid represents a premium of about 37.6% over the closing price on November 6 as well as a premium of 36.3% over the preceding three-month average share price. The offer is in line with Telefonica’s strategy to focus on its core geographies, including Spain, Brazil, Germany and the UK. The move will also help the Spanish giant streamline its organisation. The partial bid will not be subject to a minimum acceptance threshold. It is expected to begin in December 2023 and run until the middle of January. The offer highlights Telefonica’s commitment to the German market, “representing one of the most attractive and stable telecom markets in Europe”, the Spanish firm said. Aankondiging • Sep 07
Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion. Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion on September 5, 2023. The investment has been conducted, according to STC Group, through the acquisition of shares representing 4.9% of the share capital of Telefónica and through financial instruments that provides an economic exposure over other 5% of the share capital of the Company. Saudi Telecom Company (SASE:7010) completed the acquisition of a 9.9% stake in Telefónica, S.A. (BME : TEF) on September 5, 2023. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.093 (vs €0.053 in 2Q 2022) Second quarter 2023 results: EPS: €0.093 (up from €0.053 in 2Q 2022). Revenue: €10.1b (flat on 2Q 2022). Net income: €528.0m (up 42% from 2Q 2022). Profit margin: 5.2% (up from 3.7% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Jul 16
Asterion, Telefonica Reportedly Explore Sale of Spanish IT Infrastructure Group The owners of Nabiax, a Madrid-based operator of computer data centres, are exploring a sale of the group that could value it at close to EUR 1 billion ($1.12 billion), people familiar with the matter told Reuters. Infrastructure fund Asterion Industrial Partners, which owns 80% of Nabiax, has engaged bankers at BBVA (BBVA.MC) and Citigroup (C.N) to gauge interest in its holding, said the people, who spoke on condition of anonymity. Junior partner Telefónica, S.A. (BME:TEF) may also sell its 20% stake as part of any deal, they said. A sale process is expected to kick off after the summer lull, one of the people added. However, the plans may still be changed or dropped, the people cautioned. Data centres are facilities that host IT systems and applications. Investors have been drawn to these assets, as the use of data grows and businesses outsource their IT infrastructure. In April, Brookfield Infrastructure acquired French data centre group Data4 in a deal said to have valued the company at close to EUR 3.5 billion, including debt. Besides ongoing consolidation in the sector, the possible sale of Nabiax also comes amid efforts by Madrid to attract more than EUR 6 billion in investments to establish itself as a data centre hub. Asterion formed Nabiax in 2019 through the acquisition of 11 data centres from Telefonica across Spain and Latin America. In March, the group sold its Latin American operations to British infrastructure fund Actis, with a view to focusing on its home market. It is targeting 120 megawatts of installed capacity in Spain in the coming years, according to a press release at the time. A sale of Nabiax could help Telefonica pay down debt, a focus for the Spanish telecoms giant. Telefonica has accelerated its deleveraging efforts by selling non-core assets such as its tower division and stakes in some Latin American businesses. New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Dividend is not well covered by earnings (124% payout ratio). Share price has been volatile over the past 3 months (4.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Upcoming Dividend • Jun 07
Upcoming dividend of €0.12 per share at 7.8% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 15 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.8%. Within top quartile of Belgian dividend payers (6.7%). Higher than average of industry peers (4.3%). Reported Earnings • May 12
First quarter 2023 earnings released: EPS: €0.052 (vs €0.12 in 1Q 2022) First quarter 2023 results: EPS: €0.052 (down from €0.12 in 1Q 2022). Revenue: €10.3b (up 9.8% from 1Q 2022). Net income: €298.0m (down 55% from 1Q 2022). Profit margin: 2.9% (down from 7.0% in 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: €0.35 (vs €1.38 in FY 2021) Full year 2022 results: EPS: €0.35 (down from €1.38 in FY 2021). Revenue: €42.1b (up 5.0% from FY 2021). Net income: €2.01b (down 75% from FY 2021). Profit margin: 4.8% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Telecom industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 06
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 13 December 2022. Payment date: 15 December 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.5%. Within top quartile of Belgian dividend payers (7.3%). Higher than average of industry peers (4.6%). Aankondiging • Nov 05
Telefónica, S.A. to Report Fiscal Year 2022 Results on Feb 23, 2023 Telefónica, S.A. announced that they will report fiscal year 2022 results on Feb 23, 2023 
