Nawar Cristini's questions to Telefonica SA (TEF) leadership • Q1 2024
Question
Nawar Cristini questioned how the final outcomes of the Orange-MásMóvil remedies and the new Digi contract renewal compared to the assumptions baked into Telefonica's Capital Markets Day guidance. She also followed up by asking about the key success factors for securing the Digi deal amidst intense competition.
Answer
Chief Operating Officer Ángel Vilá Boix responded that the company is maintaining its guidance, which had already factored in some potential erosion from wholesale contract renewals. He emphasized that the new Digi deal is expected to generate at least equivalent revenue over a much longer term. He attributed the success of the deal to its structure, which goes beyond a pure, price-driven roaming agreement to include network sharing components.