May 23, 1996
IBM Unit, Spanish Firm to Sign Pact: Telefonica de Espana and IBM Espana said they will sign an agreement designed to sell IBM personal computers and Telefonica's online service. Users of Telefonica's new Infovia online service will have direct access to the Internet and IBM Corp.'s Global Network, or IGN. New IBM PCs sold in Spain will come equipped with Infovia software, much as Windows 95 provides direct access to Microsoft Network.
October 8, 1997 |
Pity Spain's 12 million TV households. Most only get to zap a handful of broadcast channels. Cable TV penetration stands at a paltry 3.6%, while only 8.2% of Spanish TV homes are hooked up to a satellite TV service. It's been seven years since Spain ended a 30-year monopoly of bland, state-backed broadcasting with two private TV channels. Those who could afford the monthly $23 subscription fee added a third, terrestrial pay-TV channel, Canal Plus Spain.
August 3, 2000 |
Spanish stock market regulators cleared former Telefonica Chairman Juan Villalonga of wrongdoing Wednesday in an insider trading investigation that helped force his resignation last week. The National Securities Market Commission said there was insufficient evidence to prove that Villalonga--chief architect of the telecom company's global expansion--used privileged information in a 1998 stock options trade.
March 10, 1998 |
A new wave of consolidation swept the fast-growing telephone industry Monday as two companies proposed a big merger and three others announced a global alliance. Creating the nation's fourth-largest long-distance phone company, Denver-based Qwest Communications International Inc. said it would buy LCI International Inc. of McLean, Va., in a $4.4-billion all-stock deal.
June 27, 1990 |
Bell Atlantic Corp. and Telefonica of Spain have won bids for control of Argentina's state telephone company, newspapers reported Tuesday. Bids for both sections of ENTel (Empresa Nacional de Telecomunicaciones), notorious for its poor telephone service and money-losing operations, were opened Monday. Winners of the northern section and southern section bids--both sections will split the most populous city in the country, Buenos Aires--will be announced Thursday.
September 15, 2000 |
Here comes the foreign telecom bond deluge. Madrid-based Telefonica de Espana's sale of $5.86 billion of bonds Thursday in the U.S. market was just the first of many offerings expected soon from cash-hungry European telecommunications companies. The companies are in need of capital as they spend billions at auction for mobile wireless licenses in Europe. Analysts expect European telecom companies to sell up to $50 billion of bonds, mainly in the United States, in coming months.