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    Georgios IerodiaconouCitigroup Inc.

    Georgios Ierodiaconou's questions to Telefonica SA (TEF) leadership

    Georgios Ierodiaconou's questions to Telefonica SA (TEF) leadership • Q1 2024

    Question

    Georgios Ierodiaconou followed up on the Digi deal, asking about its bottom-line implications, specifically whether the arrangement would be neutral or positive for OpEx and lease costs. He also inquired about the timing and process for establishing new wholesale FTTH agreements in formerly non-competitive areas of Spain.

    Answer

    Chief Operating Officer Ángel Vilá Boix stated he could not provide specific financial details on the pending Digi agreement but suggested any new lease obligations would likely fall on Digi's side. Regarding FTTH wholesale, he confirmed that conversations with MásOrange are already underway and that discussions with Vodafone/Zegona would commence after their transaction closes. He added that no regulatory hurdles exist for these commercial agreements.

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