telecommunications

Catalan company Abertis to become majority shareholder of the Spanish satellite operator Hispasat

July 25, 2013 09:40 PM | ACN

Barcelona-based telecommunications company has bought 16.42% of Hispasat, which added to its previous shares means that Abertis now controls 57.05% of the satellite operator. The Catalan company has bought the shares from the Spanish Ministry of Defence, paying €172.5 million.  The deal included €153.5million to buy the shares, as well as €19million more to take full control of the operator. The transaction now has to be approved by the Spanish Government and the competition regulation authorities. According to a press release by Abertis, the company pledges to “develop the full potential for growth and value” of the satellite operator. In total, Abertis has invested €475million to obtain its current stake in Hispasat. In 2013, Hispasat is expected to generate €200million in revenue and it has a strategic importance for Spain and Spanish-speaking countries.

Europe's largest telecom satellite uses technology from Catalan company

July 24, 2013 09:10 PM | ACN

On Thursday, the European Space Agency will launch Europe’s largest telecommunications satellite, Alphasat I-XL, into space using technology designed and built by Catalan company MIER Comunicaciones. The device, weighing 6.6 tonnes, will allow secure connections to be made via the satellite and mobile terminals around the world. The company, based in La Garriga (Greater Barcelona), has produced 240 low noise amplifiers capable of receiving signals from mobile terminals up to 36,000km away. The technology created is of a compact design and uses a very low consumption of energy. The satellite will be launched on Thursday from the European spaceport in Kourou, French Guiana.

The Mobile World Hub is to open its doors in June in Barcelona’s technological district 22@

February 20, 2013 10:44 PM | CNA / Gaspar Pericay Coll

The platform, which is aiming to become one of the world’s main hubs for companies working within the mobile and cell phone-related industry, will start its activities in the Catalan capital in June. The Mobile World Hub aims “to transform Barcelona and Catalonia into the best mobile framework” to enhance entrepreneurship, develop business projects, attract talent, create knowledge and become one of the main world centres of the mobile industry. In addition, it will also work to make of Barcelona an international lighthouse hosting the regulation and standardization bodies for the mobile industry. The Mobile World Hub will be located in the MediaTIC Building, a high-tech venue in the Catalan capital’s Poblenou neighbourhood. The announcement comes five days before the Mobile World Congress kicks off.

Catalan multinational Abertis’ recurrent net profit increased by 2% and reached €613 million

February 19, 2013 11:29 PM | CNA

The highway, airport and telecommunication services management company earned a net profit of €1,024 million in 2012, 42% more than in the previous year, mainly thanks to the sales of Eutelsat and Brisa. The net profit without the surplus value reached €613 million, 2% more than in 2011. The Barcelona-based group presented better results in all of its main financials: revenues increased by 3%, recurrent earning before interest, taxes, depreciation and amortization (EBITDA) by 2%. Abertis emphasised that these results have been reached in a context of economic recession in some of its main markets. However, the traffic increase in the Americas (+4.5%) and Abertis’ efficiency plans compensated for the traffic decrease in southern Europe.

Telefonica brings €7.8 million and a downtown building to Barcelona’s Mobile World Capital

October 10, 2012 01:33 AM | CNA / Gaspar Pericay Coll

Barcelona will hold, at least until 2018, the status of being the world’s mobile industry capital. Every year Barcelona hosts the world’s main event in this industry, the Mobile World Congress. This event is part of a broader project: the Mobile World Capital, which plans activities and events throughout the year and works to make Barcelona the greatest business and technological centre of the mobile industry. The Spanish telecommunication giant Telefonica announced it will bring €7.8 million to develop this project. Furthermore, it will allow MWCapital to use 1,800 square metres of a building located in Barcelona’s main square – Plaça Catalunya – to show the latest technological developments.

Abertis to become world leader managing highways after integrating OHL’s business in Brazil and Chile

April 25, 2012 10:47 PM | CNA

The Barcelona-based multinational will manage more than 7,500 kilometres of toll highways worldwide and will increase the company’s annual turnover by €1 billion. The Catalan company Abertis will become the world’s leader in the highway management sector after adding OHL’s concessions in Brazil and Chile. In exchange, OHL would buy ACS’s shares in Abertis, which represent 10% of the Catalan company. The operation is not fully closed yet, pending to be approved by the respective boards, but it has already been officially announced.

The foundation to turn Barcelona into a world ‘hub’ of new technologies is born

March 13, 2012 11:48 PM | CNA

Barcelona was declared the Mobile World Capital last summer, and the organising city of the Mobile World Congress until at least 2018. Being the Mobile World Capital means that Barcelona aims to become one of the main world centres for the mobile industry. Furthermore, several projects will be based in the Catalan capital, such as a Mobile World Hub. A foundation has been created to promote these projects and attract investments. It is funded with € 30 million each from Barcelona City Council, the Catalan Government and the Spanish Government, and it is open to the private sector.

Neelie Kroes: “Silicon Valley is a very good example”, although “Barcelona needs to find its own model”

March 1, 2012 09:42 PM | CNA / Jordi Pueyo i Busquets

ACN interviewed Neelie Kroes, Vice President of the European Commission and Commissioner for Digital Agenda. Her “dream” would be to reach a European Union single market for mobile phone and internet services. “It is not normal” that when crossing artificial borders, “the borders from the past, you can see it in your bills” she said. Kroes affirmed that by 2015, mobile phone roaming fees from one EU country to another will have ceased. The EU Commissioner was attending the Mobile World Congress, which takes place in Barcelona every year. Kroes praised Barcelona’s good job at organising the MWC. And she stated that the Catalan capital “needs to find its own model”, although “Silicon Valley is a very good example”.

Spanish Government centralises all regulatory bodies to foster market harmonisation

February 24, 2012 11:34 PM | CNA / Gaspar Pericay Coll

With the measure, Barcelona will no longer host the headquarters of the Spanish Authority regulating the Telecommunications Market (CMT). However, the Catalan capital could still host a delegation of the new body, considering the presence of telecommunications companies in the Catalan capital. The Spanish Government has approved the creation of a single super regulatory body controlling competition throughout Spain, including stock markets and other specific markets such as energy, telecommunications, railways, airports, audiovisual media, and postal services. The new body will directly depend on the Spanish Economy Ministry.

Final countdown to the world’s main mobile phone and technology congress

January 26, 2012 11:54 PM | CNA / Jordi Pueyo i Busquets

This year's edition Mobile World Congress will be the first after Barcelona was officially declared the Mobile World Capital, and the organising city of this annual event until at least 2018. The MWC will start on February 27th with the motto “Redefining mobile”. More than 1,400 companies will be present and organisers expect to break last year’s records. There will also be three times more Catalan companies.