Telefonica news and trends

Spain to Invest $22 Billion in High-Tech Sectors
Investments // February 26, 2024

In an effort to boost Spain’s semiconductor and audiovisual industries, the country is set to launch a new state-owned technology investment company with a capital of €20 billion ($22 billion). Digital Transformation Minister Jose Luis Escriva, announced the creation of the Spanish Society for Technological...

UK Subscription Payment Platform Raylo Raises $7.8M
Investments // July 04, 2022

London-based subscription payment platform Raylo has raised £6.5 million ($7.87 million) in additional funding, which will help it expand its data and engineering teams and accelerate the debut of a subscription pay service, according to a Tech Funding News report Monday (July 4). Raylo also...

Big Tech Weekly: Lithuania Asks Apple, Google to Delete Russia’s Yandex Ride-Hailing App
Big Tech // March 04, 2022

On the heels of Russia’s invasion of Ukraine, the Republic of Lithuania in the Baltic region of Europe has asked Google and Apple to remove access to Yandex. The ride-hailing service app is owned by the Russia’s Yandex.taxi and Uber, the transport and economy ministers...

IBM, Telefónica Tech Tap Blockchain To Bolster Supply Chains
B2B Payments // June 28, 2021

Telefónica Tech, a unit of the Spanish telecommunications company Telefónica, and IBM have unveiled novel hybrid cloud products that will tap into blockchain and artificial intelligence (AI) technology and will help power “enterprise digital transformation,” according to a Monday (June 28) announcement. For example, the...

Quick Reads
Report: Telefonica Deal Puts Amazon in Europe’s 5G Market

May 08, 2024
Telefonica Germany is reportedly moving 1 million 5G customers to the Amazon Web Services (AWS) cloud. The deal marks the first time in which an existing mobile operator is switching its main network to a public cloud, Reuters reported Wednesday (May 8). Cloud giants like Amazon and Microsoft have been working to expand into the telecom space and its billions of dollars in potential revenue, although operators have […]

Spain to Invest $22 Billion in High-Tech Sectors

February 26, 2024
In an effort to boost Spain’s semiconductor and audiovisual industries, the country is set to launch a new state-owned technology investment company with a capital of €20 billion ($22 billion)....

UK Subscription Payment Platform Raylo Raises $7.8M

July 04, 2022
London-based subscription payment platform Raylo has raised £6.5 million ($7.87 million) in additional funding, which will help it expand its data and engineering teams and accelerate the debut of a...

Telefónica Shakes Up 5G Race With Rakuten Deal

September 16, 2020
Telefónica is teaming up with a pioneering Japanese eCommerce company in a bid to speed up the rollout of 5G. Telefónica said on Wednesday (Sept. 26) that it will work...