{
  "id": 17771869,
  "title": "The three key dates in November that Telefónica faces",
  "url": "https://urgent.news/2026/11/02/las-tres-fechas-clave-en-noviembre-que-afronta-telefonica",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-02T08:23:49.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/2026/11/02/tres-fechas-clave-noviembre-afronta-telefonica-1.html"
  },
  "original_language": "es",
  "account": "Three key dates in November await Telefónica as the month unfolds. After a turbulent October marked by Brazil, SpaceX, and stock rotations, the telecommunications giant faces three crucial dates in the past month. The company's stock virtually flatlined in October, indicating minimal turbulence compared to the previous month. Political events, competition from SpaceX, sector rotations triggered by tech declines, and Brazilian election results have triggered daily fluctuations of up to 3.38% and drops of up to 6.41%.\n\nCiti analysts pinpoint three particularly relevant dates for Telefónica: November 3rd, 12th, and 29th. The first is November 3rd, when investors will closely monitor the third-quarter results of Virgin Media O2, a 50% stake in Telefónica. The anticipation increases due to recent asset sales and concerns from the UK's Competition and Markets Authority (CMA) regarding the Netomnia and Nexfibre deal, with a final decision due by December 15th. The pre-publication day provides significant updates on Virgin Media O2, including potential job cuts as part of a major restructuring. This will shed light on Telefónica's performance in the UK market.\n\nNext, on November 12th, Telefónica will unveil its third-quarter results, with slight adjustments to Citi's earnings, EBITDA, and free cash flow forecasts. The revised outlook accounts for a prudence in financial expense assumptions. In addition, Citi lowers its valuation of the Brazil business and focuses on Spain's performance, its core market. The bank expects a 2.4% income growth and a 2.6% EBITDA increase for the year, attributed to workforce restructuring having a more positive impact in the second half than the first.\n\nThe final two days of November may stir Telefónica's stock once more. Citi analysts anticipate investors to focus on the Spanish general elections scheduled for November 29th. Although the election may have regulatory implications, Citi highlights speculation that Prime Minister Mariano Rajoy, a friend of Telefónica CEO Marc Murtra, could sell the holding company's 10% stake if re-elected.",
  "summary": "Read",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}