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Sat, March 28, 2026 astatine 6:02 PM CDT 8 min read
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Shareholders approved each committee proposals astatine the AGM, including the 2025 accounts, auditor and manager appointments, allocation of EUR 1,060m to voluntary reserves, and a cash dividend of €0.15 per share payable June 18, 2026.
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The president outlined the "Transform and Grow" strategy to simplify the group, absorption connected 4 halfway markets (Spain, UK, Germany, Brazil), exit non-core Latin American markets, and prosecute scale-driven European consolidation with the purpose of becoming a starring "tech-telco" by 2030 and a apical planetary telco by 2035.
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Telefonica said it met its 2025 fiscal commitments with adjusted EBIT up ~2%, escaped currency travel from continuing operations of €2,069m, B2B gross maturation of 7.1%, and cited strategical moves similar the Netomnia acquisition and acquiring FiBrasil's fibre to bolster web capabilities.
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Telefonica (NYSE:TEF) convened its mean wide shareholders’ gathering connected 2nd telephone with a quorum representing much than 65% of the company’s stock capital, according to figures work into the grounds by the meeting’s caput and aboriginal updated pursuing the adjacent of the speakers’ list.
Provisional attendance figures cited astatine the commencement of the gathering indicated 27,390 shareholders attending successful idiosyncratic oregon by proxy, holding 3,720,786,545 shares and representing 65.62% of the company’s stock capital. The seat declared a valid quorum for the gathering connected 2nd call, and the notary asked whether immoderate attendees had reservations oregon protests concerning the attendance statements; nary were reported astatine that time.
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Later, last attendance information presented aft the speakers’ database closed showed 27,661 shareholders contiguous oregon represented, holding 3,726,013,000 shares, representing 65.71% of the company’s stock capital.
The caput besides reviewed the process for shareholder interventions and voting, including procedures for distant information and instructions related to proxy voting wherever directors could look conflicts of interest. Shareholders attending successful idiosyncratic were instructed to registry votes against oregon abstentions astatine designated desks; otherwise, votes would beryllium deemed successful favour of the projected resolutions.
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The caput informed shareholders astir the company’s yearly firm governance study for fiscal twelvemonth 2025, filed with Spain’s securities regulator (CNMV) connected Feb. 24, 2026, and made disposable connected the company’s website. The caput said Telefonica complies with “practically all” recommendations of Spain’s bully governance code, portion highlighting areas of partial compliance, including:
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