Euronews: Telefónica Plans Capex Rise

New Post Public Reply Private Reply Replies (0) Message Board
Hightech Hightech #7514

Euronews: Telefónica Plans Capex Rise


  • Telefónica SA (NYSE: TEF) announced a significant increase in its planned capital expenditure for 2014 today as it announced its full-year results for last year. In 2013, the Spanish giant, which has more than 323 million customers across Europe and Latin America, spent about 14.5% of its total sales on its network and system investments (excluding spectrum license costs). With 2013 revenues at €57 billion (US$78 billion), that puts last year's capex at just short of €8.2 billion ($11.1 billion). Now, though, the carrier says it is to increase its capex to 15.5-16% of revenues in 2014 to "stimulate growth, to [deliver] network differentiation and to improve market positioning, among other reasons." With its revenues likely to rise slightly this year, Telefónica looks set to pump almost €9.2 billion ($12.5 billion) into its networks and support infrastructures. In the company's earnings announcement, Telefónica Chairman, César Alierta, said: "Among our targets, we will continue accelerating revenue growth and, at the same time, we will increase investments to anticipate to the growing demand from the increasingly intensive data service usage, as well as the recovery of demand expected in some of our main markets… In 2014 Telefónica will double the fibre coverage in Spain to 7.1 million homes passed, reaching the highest coverage levels among the largest economies in Europe. In Brazil we will also increase fibre coverage to 2.5 million homes. In the mobile business, we will expand 4G usage in Europe reaching an average coverage of more than 50%, while we continue leading the mobile data market in Latin America with the progressive launch of 4G." (See Telefónica Reports 2013 Profit Growth .)
  • "Strong headwinds in certain market segments" and "spending caution by Chinese customers" were two of the reasons given for a substantial fall in earnings and profits at Spirent Communications plc (NYSE: SPM; London: SPT), the test and measurement technology vendor. In its full-year results for 2013, revenues slipped from $472.4 million to $413.5 million, while pre-tax profits plummeted from $108.4 million to $39.1 million. (See Spirent Reports Full-Year Results .)
  • Etihad Etisalat Co. (Mobily) , the Saudi Arabian mobile operator, is to benefit from an additional $280 million in vendor funding from Nokia Solutions and Networks , taking the total funding to $605 million. The cash is to finance a major upgrade of the operator's 4G, 3G, and 2G networks over the next two years. For more details, see this press release .
  • Colt Technology Services Group Ltd (London: COLT), the pan-European service provider, saw its full-year revenues decline 1.2% year-on-year in 2013 to €1.59 billion ($2.17 billion) and pre-tax profits fall 31.1% to €42.4 million ($57.8 million). Adverse currency movements and regulatory price pressures copped some of the blame.
  • UK mobile joint venture EE has signed a six-year deal with the company that runs London's iconic Wembley Stadium to provide, among other things, mobile ticketing solutions, enhanced mobile network access, and "super-fast" Wi-Fi. Financial details were not disclosed.
    EE CEO Olaf Swantee: A safer pair of hands than Joe Hart? (US readers: Google it.)
    EE CEO Olaf Swantee: A safer pair of hands than Joe Hart? (US readers: Google it.)
  • Digital Uts Ventures (DUTV) Stock Research Links

    DUTV Board Company Profile Buy Rating Time & Sales News Filings Financials
    "The only way of discovering the limits of the possible is to venture a little way past them into the impossible."
    Scroll down for more posts ▼

    Top 10 Most Recent News Articles

    Trina Storage Unveils New Elementa + Electra at MEE 2026

    Updated Category News Views 1

    Shaking Up Energy Storage at MEE 2026 In this ever-evolving landscape of energy storage, it's like the wild west of innovation out there, and Trina Storage is saddling up big time. Taking the reins at the Middle East Energy 2026 in Dubai, they've rolled out their latest marvel, the Elementa + Electra solution. This isn't just another piece of tech; it's their leap into...

    Continue Reading
    Temu and Po?ta Român? Partner for Logistics Upgrade

    Updated Category News Views 0

    Opening New Doors for Romanian Sellers Well, here comes a partnership that's got folks talking, especially in the logistics sector. Temu, the global e-commerce dynamo, has inked a deal with Po?ta Român?, the national postal service of Romania. These two are teaming up to shake up logistics for Romanian businesses selling on Temu. It's all about streamlining those pesky...

    Continue Reading
    TaxRock's New Platform Takes on IRS Complexity

    Updated Category News Views 2

    An AI Solution Tackles IRS Complexity Right out of the gates, TaxRock is shaking things up in the tax world with its latest rollout. While the word 'IRS' rarely sparks a grin, the California company aims to change the way folks handle their tax data. Their new consumer platform promises to lace taxpayers' frazzled nerves with the calm structure of AI. Let's face it—most...

    Continue Reading
    Civitas Pushes Forward on EB-5 Path with Key Filing

    Updated Category News Views 0

    The financial community’s buzzing, and here’s why: Civitas Capital Group has just cranked the engine on its latest EB-5 investment opportunity with the filing of Form I-956F for The Summit in Avon, Colorado. If we're talking milestones, this is a rock-solid one. This isn’t just some paperwork shuffling—this filing makes the project accessible to EB-5 investors,...

    Continue Reading
    Professional Physical Therapy Eases Debt with RISE Program

    Updated Category News Views 2

    Here's a fresh move in the world of physical therapy. Professional Physical Therapy just rolled out its RISE Program, aimed at tackling the debilitating student loan debt plaguing new and potential therapists. With this nifty initiative, eligible employees can pocket up to $50,000 to chip away at their mounting loans. The Hard Truth About Education Costs Anyone glancing...

    Continue Reading
    ASUR Scales Up: Acquires 20 Latin American Airports

    Updated Category News Views 2

    A Bold Move in a Competitive Market I'll tell you, it's not every day you see a company like Grupo Aeroportuario del Sureste, S.A.B. de C.V. (NYSE: ASR) make a nearly billion-dollar move. This ain't some pocket change acquisition. We're talking about sealing the deal for Motiva's interests—R$5.1 billion (or nearly $992 million USD) to grab 20 airports in Brazil,...

    Continue Reading
    UWM's $603M Hedge Loss Sparks Class Action Turmoil

    Updated Category News Views 2

    UWM's Roller Coaster: From Acquisition Ambitions to Legal Strife Oh, the sweet smell of ambition—only sometimes, it leads you to absolute chaos. Just ask UWM Holdings Corporation (NYSE: UWMC), the mortgage lender who’s found itself neck-deep in legal trouble after a hedging disaster unfolded. Here's the scoop. Back in December 2025, UWM decided they wanted to add a...

    Continue Reading
    Tencent Music Eyes New Cash with Notes Offering

    Updated Category News Views 2

    Shaking the Money Tree: TME's New Strategy Tencent Music Entertainment Group, or the gang at NYSE:TME, is rolling out the big guns with their proposed public offering of senior unsecured notes. This ain't your average day in the park—it's underpinned by market conditions and a cocktail of other factors. TME's aiming to get these notes listed on the Hong Kong Stock...

    Continue Reading
    STANLEY Dives Into Flooring: Strategic Move or Risky Bet?

    Updated Category News Views 0

    STANLEY® Floors: The New Frontier? Who would've thought STANLEY®, the tool giant founded back in 1843, would dive headfirst into the flooring market? This isn’t just any leap; it's a strategic handshake with Area Floors, and they’re dragging along i4F’s renowned drop-lock tech for good measure. What does this mean for the flooring landscape and STANLEY's brand...

    Continue Reading
    ONTO Faces Fiduciary Duty Investigation Alert

    Updated Category News Views 0

    Possible Fiduciary Abuses at Onto Innovation Imagine you’re cruising down the investment highway when, bam, an alert like this pops up in your rearview mirror. It’s time to hit the brakes and figure out what Levi & Korsinsky is up to with this investigation into Onto Innovation Inc. (NYSE: ONTO). They're sniffing around possible breaches of fiduciary duties by some of...

    Continue Reading

    Top 5 Most Recently Viewed Articles

    Italy Shifts Focus to Mexico and Vietnam for Auto Parts Demand

    Updated Category News Views 113

    Exploring New Markets for Italian Auto Parts Italy is actively looking for new opportunities for its automotive components industry, particularly focusing on Mexico and Vietnam as potential export markets. This strategic shift is a response to the declining demand from Germany’s automotive sector, especially after recent challenges faced by Volkswagen, a major player in...

    Continue Reading
    Jefferies Financial Group Faces SEC Investigation Concerns

    Updated Category News Views 180

    Jefferies Financial Group Under Scrutiny Amid SEC Investigation Leading securities law firm Bleichmar Fonti & Auld LLP has announced a significant investigation into Jefferies Financial Group Inc. (NYSE: JEF) and Point Bonita Capital, following revelations of a probe by the U.S. Securities and Exchange Commission (SEC). Investors who suffered losses due to their...

    Continue Reading
    Shell's Recent Share Buyback Transactions for Sustainability

    Updated Category News Views 155

    Shell plc Engages in Strategic Share Purchases Shell plc Continuously Enhancing Value In a significant step to enhance shareholder value, Shell plc has recently announced its ongoing buyback program aimed at optimizing its share structure and providing returns to its investors. These moves are crucial as they reflect the company's strategy to manage its capital...

    Continue Reading
    Exploring Pluxee N.V.'s Financial Liquidity Developments

    Updated Category News Views 209

    Understanding Pluxee N.V.'s Financial Position In the realm of finances, liquidity is a critical factor for any corporation. Pluxee N.V., a distinguished global player in employee benefits and engagement, recently disclosed essential details regarding its liquidity contract with BNP Paribas as of mid-2025. Assets on the Liquidity Account As of June 30, 2025, Pluxee N.V....

    Continue Reading
    iQSTEL Expands Horizons Through Exclusive Cybersecurity Alliance

    Updated Category News Views 61

    iQSTEL Partners with Cycurion for Enhanced Cybersecurity Solutions iQSTEL Inc. (OTCQX: IQST), a leader in telecommunications and innovative solutions, has formed a groundbreaking alliance with Cycurion, Inc. This exclusive partnership aims to integrate Cycurion's superior cybersecurity products into iQSTEL's extensive offerings, specifically targeting the U.S....

    Continue Reading