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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Telefonica S.A.    TEF   ES0178430E18

TELEFONICA S.A.

(TEF)
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Telefonica S A : Microsoft to open new datacenter region in Spain and expand strategic partnership with Telefonica to boost Spain's competitiveness

02/26/2020 | 08:15am EST

Microsoft will open a datacenter region in Spain to help accelerate digital transformation of public and private entities of all sizes, helping them to innovate, scale and migrate their businesses to the cloud in a secure way.

Microsoft will leverage Telefonica infrastructure as part of their global strategic partnership.

Under their strategic partnership, the two companies will develop joint go-to-market plans in all countries where Telefonica operates.

Additionally, Telefonica will accelerate its use of Microsoft's cloud internally as part of its own digital transformation journey.

REDMOND, Wash. and Madrid - Feb. 25, 2020 - Microsoft Corp. and Telefonica today announced plans to further expand their global strategic partnership to accelerate digital transformation for public and private entities of all sizes. Together, the two companies will help their mutual customers leverage the cloud to more quickly, securely and easily innovate and scale their operations to create new business opportunities and improve competitiveness.

Microsoft will deliver intelligent Microsoft cloud services - including Microsoft Azure, Microsoft 365, Microsoft Dynamics 365 and Microsoft Power Platform - from new datacenter regions in Spain. Additionally, Telefonica will accelerate its own internal digital transformation by choosing Microsoft as its strategic cloud partner.

'Telefonica and Microsoft share a commitment to helping Spanish organizations of all sizes, in every industry, thrive in a world of rapid technologic change,' said Satya Nadella, CEO, Microsoft. 'Together, we will deliver comprehensive, intelligent, secure and trusted cloud services - spanning Azure, Microsoft 365 and Dynamics 365 - from datacenters in Spain, helping our customers accelerate their digital transformations.'

'The opening of a Microsoft datacenter region in Spain is a game changer, a key milestone in our strategic partnership that will boost Spain's industrial fabric and digital economy', said Jose Maria Alvarez-Pallete, chairman and CEO of Telefonica. 'Cloud is one of the key priorities in Telefonica, as we announced in November, with the launch of Telefonica Tech, the new unit to boost the solid growth of digital services. This global strategic partnership with Microsoft will certainly help to achieve that objective.'

Microsoft and Telefonica Partnership Momentum

Today's announcement builds on the partnership between both companies with new initiatives and joint plans across three key areas:

With the expanded relationship, the two companies have identified the opportunity to collaborate to better serve the needs of organizations of all sizes, in critical sectors such as government, health, education, travel, manufacturing, retail, finance, insurance and more, all with significant social and economic impact. Joint capabilities, delivered from a Microsoft Azure datacenter region in Spain and leveraging Telefonica's infrastructure, will also allow Telefonica and Microsoft's joint customers to deliver new services that require low latency, security and assured bandwidth, opening up new scenarios around 5G, edge computing and Industry 4.0.

A new strategic collaboration framework between Telefonica and Microsoft will also provide joint go-to-market plans in Telefonica's footprint.

As part of Telefonica's digital transformation, the company will use the Microsoft cloud for its own internal operations, pursuing efficiency, flexibility and scalability improvements, optimization of operations and cost reductions. Telefonica has also deployed Microsoft 365 to its global employee base to enable more seamless communication and collaboration across the 14 countries in which it operates. As a strategic partner for its multi-cloud strategy, Microsoft will train hundreds of Telefonica employees on Microsoft Cloud services.

About Microsoft

Microsoft (Nasdaq 'MSFT' @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About Telefonica

Telefonica is one of the largest telecommunications companies in the world by market capitalization and number of customers with a comprehensive offering and quality of connectivity that is delivered over world class fixed, mobile and broadband networks. As a growing company it prides itself on providing a differential experience based both on its corporate values and a public position that defends customer interests.

The company has a significant presence in 14 countries in Europe and Latin America and over 344 million accesses.

Telefonica is a 100% listed company and its shares are traded on the Spanish Stock Market and on those in New York and Lima.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, +1 (425) 638-7777,

rrt@we-worldwide.com

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 1.00% 216.21 Delayed Quote.36.48%
TELEFONICA S.A. 0.63% 3.68 Delayed Quote.-41.27%
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Financials
Sales 2020 43 404 M 52 391 M 52 391 M
Net income 2020 1 970 M 2 378 M 2 378 M
Net Debt 2020 41 479 M 50 068 M 50 068 M
P/E ratio 2020 10,1x
Yield 2020 10,4%
Capitalization 19 509 M 23 516 M 23 548 M
EV / Sales 2020 1,41x
EV / Sales 2021 1,41x
Nbr of Employees 113 392
Free-Float 91,8%
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Telefonica S.A. Technical Analysis Chart | TEF | ES0178430E18 | MarketScreener
Technical analysis trends TELEFONICA S.A.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 5,07 €
Last Close Price 3,68 €
Spread / Highest target 136%
Spread / Average Target 37,7%
Spread / Lowest Target -43,7%
EPS Revisions
Managers
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá Vilá Boix Chief Operating Officer & Director
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Isidro Fainé Casas Vice Chairman
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