Telefonica

TEF

Market cap $29.1B

Spanish telecoms group Telefonica plans to lay off at least 6,000 employees across several units before the end of the year, newspaper Expansion reported on Monday, citing people familiar with the plans.

Spanish telecoms group Telefonica is looking to buy telecom assets and free up resources by selling its Spanish-speaking Latin American assets, as CEO Marc Murtra plots a broader vision for Europe's telco sector.

The Spanish government has cancelled a fiber-optic service contract with Telefonica over the use of equipment made by China's Huawei amid concerns in Europe that such gear may pose a security risk, the Digital Transformation Ministry said.

Telefonica is considering making a takeover bid for Vodafone Spain, which was bought last year by London-based Zegona , news website El Confidencial reported on Tuesday, citing unidentified sources.

Telefonica renewed a contract with Chinese manufacturer Huawei (HWT.UL) to supply equipment for its 5G mobile core network for retail customers in Spain until 2030, El Pais newspaper reported on Thursday, citing unnamed industry sources.

Investors looking for stocks in the Diversified Communication Services sector might want to consider either Telefonica (TEF) or Telus (TU). But which of these two stocks presents investors with the better value opportunity right now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

TEF's Q2 net income plunges 67% but organic revenue rises 1.5% as it reshapes its portfolio and reaffirms 2025 guidance.

Spanish telecom giant Telefonica is replacing all of its 5G equipment made by Chinese manufacturer Huawei in Spain and Germany to comply with local rules, but it intends to keep it in Brazil.

The plan to spin off joint venture Virgin Media O2's fixed network in Britain had been scrapped, Telefonica's Chief Executive Marc Murtra told Reuters on Wednesday.