No acquisition plans, says Telefonica CEO

2 Nov 2010

Caesar Alierta, the chief executive officer of Spanish telecoms giant Telefonica, has said definitively that his company is not looking towards any further acquisitions in the near future. Speaking to the Wall Street Journal Mr Alierta said: ‘Some investors believe that we are going to keep on buying things, but we are not … We now have the footprint that we want to have.’ The executive added that the company intends to focus on strengthening its existing operations, and it will look to boost turnover from areas such as internet data traffic.

According to TeleGeography’s GlobalComms Database, with operation in 25 countries, at 30 June 2010 the Telefonica Group’s total number of fixed and mobile accesses passed the 277 million mark, up 5.2% year-on-year from around 263 million in June 2009. Of the total, the group had 210.98 million mobile lines, up 5% year-on-year, 41.74 million fixed telephony accesses (down 0.5%), 16.35 million broadband accesses (up 25.2%), 1.59 million narrowband accesses (down 3.3%), and more than 2.67 million pay-TV customers (up 10.4%). The total also includes 2.38 million unbundled local loop (ULL) connections and 577,000 wholesale ADSL customers.

Spain, Telefonica