Telefonica

How the Saudis became a top shareholder in Telefonica, Spain’s telecoms giant

By Hadeel Al Sayegh, Andres Gonzalez and Belén Carreño DUBAI/MADRID, (Reuters) - Jose Maria Alvarez-Pallete, chairman and chief executive of debt laden Spanish telephone and internet service company Telefonica, got…

Telefonica raises Spanish workers’ wages by 7.8% in 2023

MADRID, Jan 25 (Reuters) - Telefonica has agreed with its main unions to raise 2023 wages for almost 13,000 workers in Spain by 7.8% amid high inflation, the telecoms operator…

Telefonica plans to cut up to 4,000 jobs

MADRID, Nov 11 (Reuters) - Spanish mobile and broadband operator Telefonica plans to cut between 2,000 and 4,000 jobs through voluntary redundancy in the first half of 2022, a source…