Telefonica is receptive to engaging in discussions regarding a prospective fiber agreement with Vodafone in Spain
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- 17 May 2023
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Telefonica, the Spanish telecommunications company, has expressed its willingness to engage in discussions regarding a potential collaboration with Vodafone on fiber networks within Spain.
Angel Vila, the Chief Operating Officer of Telefonica, stated that the company is open and well-prepared for such a venture. This statement was confirmed by a company spokesperson, who verified an earlier report by Bloomberg.
Vodafone's newly appointed Chief Executive, Margherita Della Valle, is facing pressure to restructure the group, which operates across Europe and Africa but has seen its shares perform poorly.
In an effort to address this situation, Vodafone has reportedly considered divesting its assets in Spain. However, due to its significant presence in the country, any potential sale to competitors would likely encounter significant regulatory obstacles related to anti-trust regulations.
