Fernando Cordero's questions to Telefonica SA (TEF) leadership • Q1 2024
Question
Fernando Cordero asked about the drivers behind Spain's retail ARPU performance and its expected evolution for the rest of the year. He also inquired about progress on materializing wholesale opportunities for the VMO2 fiber network (NetCo) in the U.K.
Answer
Chief Operating Officer Ángel Vilá Boix explained that while Spain's convergent ARPU rose sequentially, the year-over-year decline was due to a higher mix of the O2 brand and a softer price increase in 2024 versus 2023. For the U.K., VMO2 CEO Lutz Schüler confirmed they are in negotiations with all three major potential wholesale partners (Sky, Vodafone, TalkTalk) and are in an 'advanced' stage with one of them.