Telefonica, a multinational telecommunications company based in Madrid, recently held its ordinary general shareholders’ meeting where shareholders approved all board proposals at the AGM. This included approving the 2025 accounts, auditor and director appointments, allocating EUR 1,060 million to voluntary reserves, and declaring a cash dividend of €0.15 per share payable on June 18, 2026.
The chairman outlined the company’s “Transform and Grow” strategy, focusing on simplifying the organization, concentrating on core markets such as Spain, the UK, Germany, and Brazil, and exiting non-core Latin American markets. The goal is to become a leading “tech-telco” by 2030 and a top global telco by 2035. Telefonica reported meeting its 2025 financial commitments, with adjusted EBIT up by approximately 2%, free cash flow from continuing operations reaching €2,069 million, and B2B revenue growth of 7.1%.
Key strategic moves mentioned included the Netomnia acquisition and acquiring FiBrasil’s fiber to enhance network capabilities. The chairman emphasized the company’s focus on innovation, such as an AI-capable cloud, network resilience through automation, and secure connectivity solutions. Telefonica’s success in content offerings at Movistar Plus+ was also highlighted.
During the Q&A session, management addressed questions about a redundancy plan, infrastructure improvements in Spain, and the utilization of European funds for connectivity projects. The chairman discussed dividend policy, capital allocation, and the company’s commitment to driving value creation through growth and financial flexibility.
Overall, Telefonica’s shareholders’ meeting concluded with the approval of all board-proposed resolutions. The company remains committed to its transformation strategy and goal of becoming a top player in the telecommunications industry globally.
Telefonica, SA, founded in 1924 as Compañía Telefónica Nacional de España, has evolved into a leading telecommunications group offering a wide range of services to residential and business customers. In addition to traditional voice and data services, Telefonica has expanded into digital and IT services, catering to enterprise and public-sector clients. For more information on Telefonica’s AGM outcomes and transformation strategy, visit the original article on MarketBeat.
