
Telefónica to Pay €1.2 Billion in Compensation to Former Employees
Telefónica announced it will pay 1.2 billion euros in compensation to former employees this year, a figure that will be crucial for dividend calculations starting in 2027.
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Telefónica announced it will pay 1.2 billion euros in compensation to former employees this year, a figure that will be crucial for dividend calculations starting in 2027.
Spanish politician Feijóo held a phone call with Marco Rubio to enhance his international profile, with the PP party stating the contact reviewed bilateral relations between Spain and the United States.
The Generalitat de Catalunya has temporarily suspended a fiber optic network contract involving Sirt and Huawei, following a partial appeal from Telefónica and Cellnex regarding technical solvency.

José María Álvarez-Pallete and Ángel Vilá reportedly received 44 million and 33 million euros, respectively, upon their termination from Telefónica.

Telefónica announced a loss of 4.318 billion euros in 2025 due to an ERE (employment regulation file) and Latin American operations, yet saw a 1.5% increase in revenues to 35.120 billion euros, achieving its best year in Spain since 2008.

Spain's LaLiga and its broadcasting partner Telefónica secured a court order on Tuesday requiring VPN providers NordVPN and Proton VPN to block access within Spain to 16 websites accused of illegally streaming LaLiga matches. The rulings, seen by Reuters, compel the VPN services to immediately make the IP addresses of the alleged piracy websites inaccessible from Spanish networks.
Telefónica's CEO, Murtra, affirmed the company's commitment to 'iron financial discipline' and its plans to exit Venezuela and Mexico, irrespective of political changes in those countries.
BBVA is leaving Telefónica's board of directors after almost three decades, with José María Abril stepping down from his roles as director and vice president.