Telefonica

Aramco Ventures Makes Bold Move by Investing in Telefónica-Backed AI Startup

3 days ago

In a strategic move aimed at bolstering its technological portfolio, Aramco Ventures, the investment arm of Saudi Arabia's national oil company, has announced its decision to invest in an artificial intelligence startup that has received backing from the telecommunications giant Telefónica. This significant investment underscores Aramco's commitment to diversifying its business ventures beyond oil and into innovative technology sectors.

Telefónica's Peruvian Unit Faces Insolvency Following Unsuccessful Sale

4 days ago

In a shocking turn of events, Telefónica’s subsidiary in Peru has officially announced its insolvency after attempts to sell the business unraveled. This development marks a significant challenge for the telecommunications giant, which has been active in the Peruvian market for decades.

Telefónica's New CEO Braces for Challenge as Bids Emerge for Fiber Unit

24 days ago

Telefónica, the telecommunications giant based in Spain, is entering a pivotal moment as its newly appointed CEO, Ángel Vilá, faces the first significant challenge of his leadership. As the company gears up to receive bids for its prized fiber optics unit, all eyes are on Vilá to navigate this crucial juncture effectively.

Telefonica's Argentina Unit Sparks Interest from Potential Buyers

29 days ago

Telefonica SA, the Spanish multinational telecommunications conglomerate, is reportedly attracting significant interest from potential buyers for its operations in Argentina. This development comes amid ongoing economic challenges in the region, which has led many international players to reevaluate their stakes in Latin America.