A major Spanish trade union has strongly opposed Vodafone Spain’s decision to cut over 1,000 jobs, prompting calls for strike action. The Unión General de Trabajadores (UGT) has vocally criticized the job cuts, blaming the company, the Spanish government, and regulatory environment for the situation.
Vodafone Spain is collaborating with Ericsson to promote the transformative capabilities of private 5G networks for enterprises. The initiative includes a series of conferences across Spain, showcasing the technology’s potential to revolutionize various industrial sectors.
The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. This landmark deal, valued at €5 billion, includes €4.1 billion in cash and €0.9 billion in redeemable preference shares. Initially announced last October, the transaction received regulatory approval earlier this month. Zegona hailed the deal as the “largest ever reverse takeover.”
Vodafone explores potential sale of its Spanish operations as the European Commission investigates Orange Spain and MasMovil merger, impacting competition in the telecom sector. The outcome could influence Vodafone’s decision, with potential investors such as Apollo Global Management and Apax Partners being considered.
MasOrange and Vodafone Spain have joined forces to create FiberCo, set to become the largest fiber network company in Europe. This joint fiber venture aims to significantly expand Spain’s FTTH network.
Zegona Communications and MasOrange have launched FibreCo, a groundbreaking venture poised to revolutionize Spain’s fibre infrastructure by potentially covering 12.2 million premises. This collaboration integrates their FTTH networks, aiming to establish the largest FTTH network in Europe.
Vodafone Spain and Telefonica have launched an ambitious FibreCo project, extending fibre networks to 3.6 million premises. With Telefonica holding a 63% stake and Vodafone 37%, this venture revolutionizes fibre access across the country.
Vodafone has strategically partnered with Digi to potentially acquire different segments of Telekom Romania Mobile. As regulatory challenges loom due to Digi’s significant market presence, the telecom giants must tread carefully.
In collaboration with the i2CAT Foundation, Vodafone is advancing an automated multi-vendor management system tailored for Open RAN. This initiative aims to streamline the integration of diverse hardware and software components from multiple vendors, a key feature of Open RAN technology.
In a surprising turn of events, Vodafone has once again declined an enhanced merger proposal from Iliad for its Italian operations, despite the latter’s efforts to sweeten the deal. Iliad had revised its initial offer, made two years ago, in December, proposing a 50:50 joint venture that valued Vodafone Italia at €10.45 billion. This arrangement would have netted Vodafone €6.5 billion in cash and a €2 billion shareholder loan, with additional cash influx opportunities through a buyout option.
