Telefonica turns to Israel’s high-tech
Spain’s Telefonica, Europe’s third-largest telecoms company, aims to increase investments in Israel’s high-tech sector. This includes in e-health and other consumer-facing business. Luisa Rubio, who heads Telefonica’s innovation arm WayraX, has already made one investment in Israel – Upword, which uses artificial intelligence (AI) to create faster, more efficient summaries from notes. She said WayraX, […]
Sabadell wants to cut workforce in Spain
A union negotiating with the bank said that, Sabadell wants to cut 1,900 jobs in Spain. This was under plans to cut costs and to make more money. Such a reduction would be Sabadell’s second in less than a year. The first will be the recent cutting of 1,817 jobs in Spain. Union Comisiones Obreras (CCOO) said […]
Spain to double 5G licenses to 40 years at future auctions
Spain, will double the duration of radio frequency licences, including for 5G networks. The change in legislation will allow telecommunications companies and investors better visibility on their investment in the heavily indebted sector. This requires high levels of spending to build infrastructure such as fibre optic networks. Following approval by a council of ministers, the […]