The New Cycle of Internationalisation of a Southern European Telecommunications Company at the Early 21st Century: Telefónica
Keywords:
Telefónica, internationalisation, Spanish telecommunications, mobile telephony
Abstract
The telecommunications sector entered the new millennium with a new paradigm, defined in four terms: mobile and global in nature, private, competitive and with interests in different sectors. Within this framework, the research presented here addresses the new cycle in Telefónica's internationalisation and the intricate investment process in Spanish telecommunications. The text is structured in four main sections, comprising an overview of Telefónica in the world market, Telefónica's entry into Central Europe with Český Telecom, the entry into unexplored European markets with O2 and the penetration of subjectively distant markets - China.
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Bruce, R. & Macmillan, R. (2002). Telecommunications in Crisis: Perspectives of the Financial Sector on Regulatory Impediments to Sustainable Investment. London: Debevoise & Plimpton.
Calvo, A. (2019). Technological change, opening and internationalization of Spanish telecommunications. The transition to the third generation of mobile telephony. Harvard Deusto Business Research, 8(1), 3-30. https://doi.org/10.3926/hdbr.196
Calvo, Á. (2016). Historia de Telefónica: 1976-2000. Las telecomunicaciones en la España democrática. Barcelona: Ariel/Fundación Telefónica.
Calvo, Á. (2016a). Strategic Alliances in the European Industries of the Third Industrial Revolution. Journal of Evolutionary Studies in Business, 2(1), 235-265. https://doi.org/10.1344/jesb2016.2.j018
Casaldáliga, N. (2004). Campofrío. A growing company in a mature market. Madrid: EOI.
Chambers & Partners. (2000). Chambers & Partners global: The world's leading lawyers 2000-2001. London: Chambers & Partners.
Chen, B. (2007). China Netcom Group International Strategy and Opportunities for Foreign Investors, Information Gatekeepers, May.
Chen, J. & Shi, Huici. (2008). Mergers and Acquisitions in China: Impacts of WTO Accession. Chentelham: Edward Elgar.
Chorafas, D. N. (2006). Strategic Business Planning for Accountants: Methods, Tools and Case Studies. Oxford OX: Elsevier.
Cook, S. A. (2007). Ruling But Not Governing: The Military and Political Development in Egypt, Algeria, and Turkey. Baltimore: JHU Press.
Eichengreen, B. (2002). Crisis Prevention and Management: Any New Lessons from Argentina and Turkey?”, World Bank, Washington, pp. 1-35.
Fung et al. (2011). Foreign Direct Investment in Cross-Border Infrastructure Projects, ADBI Working Paper 274. Tokyo: Asian Development Bank Institute. https://doi.org/10.2139/ssrn.1800472
Gültekin, B. (2010). The Privatization of Turk Telekom: Case Study, Private Equity Workshop, Tenth Annual Private Equity Conference at the Federal Reserve Bank of Chicago International Private Equity: Southeast Europe Region, July.
Hulse, J. (2007). China's Expansion Into and U.S. Withdrawal from Argentina's Telecommunications and Space Industries and the Implications for U.S. National Security. Carlisle PA: Strategic Studies Institute. https://doi.org/10.21236/ADA471923
Immigration and Refugee Board of Canada (1999, March 1). Bulgaria: Corruption in the privatization of the Bulgarian Telecommunications Company or other government-owned enterprises; involvement of organized crime, and protection available to whistleblowers. BGR31249.E.
International Telecommunication Union (2002) 2002 World Telecommunication Development Report, 18-27 March. Istanbul, Turkey: World Telecommunication Development Conference.
Jelassi, T., & Enders, A. (2005). Strategies for E-business: Creating Value Through Electronic and Mobile Commerce: Concepts and Cases. Harlow: Pearson Education.
KPMG Auditores. (2005). Informe de experto independiente en relación con el proyecto de fusión por absorción de Terra Networks, S.A. por Telefónica, S.A., on-line.
Moragas, V. (2011) La adquisición de O2 por Telefónica: valoración de una operación de referencia en el sector de las telecomunicaciones europeas, Barcelona: Escola Tècnica Superior d'Enginyeria de Telecomunicació.
Mourdoukoutas, P. (2015). Business Strategy in a Semiglobal Economy. London: Routledge. https://doi.org/10.4324/9781315705989
OECD (1997). Economic Surveys: Bulgaria 1997. Paris: OECD.
OECD (2000). Regulatory Reform in the Telecommunications Industry. Paris: OECD.
OECD (2002). OECD Reviews of Regulatory Reform: Turkey 2002 Crucial Support for Economic Recovery. Paris: OECD. https://doi.org/10.1787/9789264199255-8-en
Pederson, J. P. (2001). International Directory of Company Histories. St. James MO: St. James Press.
Proyecto de fusión de Telefónica, S.A. y Terra Networks, S.A. (2005). 23 February, Madrid.
Reuvid, J. & Terte, M. (2005). Doing Business with the Czech Republic. London: GMB.
Ross, P. K. (2008). Management strategies in the Czech Telecommunications sector: A comparative study of Český Telecom and T-Mobile. International Journal of Human Resource Management, 19(12), 2216-2234. https://doi.org/10.1080/10301763.2009.10669392
Ross, P. K. (2006). Management strategies in transitional economies: Organisational restructuring and employment relations (ER) at Český Telecom. Employee Relations, 28(2), 184-200. https://doi.org/10.1108/01425450610639392
Securities and Exchange Commission, Form 20-F, 31December 2003, Commission file number 1-9531.
Securities and Exchange Commission, Form 20-F, 31december 2005, Commission file number 1-9531.
Sokol, D. D. (2001, Fall). The European Mobile 3G UMTS Process: Lessons From the Spectrum Auctions and Beauty Contests. Virginia Journal of Law and Technology, 6, pp. 1-31.
Telefónica (2001, 24 January). Joint Venture Agreement Telefónica S.A.-Portugal Telecom, SGPS, S. A. Corporate transactions.
Telefónica (2003, May 28). Terra Lycos minorities buy-out. Corporate transactions.
Telefónica, S. A. (2004, April). Document for the Registration of Bonds and Derivatives, Annex IV of Commission Regulation (EC) No 809/2004 of 29.
Telefónica (2005, October 31). “Delivering Balanced Growth and Cash Returns Through Enhanced Scale. Corporate transactions.
Telefónica. (2002, August). Suplemento al Folleto Informativo Continuado [Supplement to the Continuing Information Bulletin].
The Council of Economic Advisers (2000). The economic impact of third-generation wireless technology. Washington: The Council.
Telecommunication Industry Association. (2001, March 30). Broadband Spectrum: The Engine for Innovation, Job Growth, and Advancement of Social Priorities, White Paper.
United States. Federal Communications Commission (2003). FCC Record: A Comprehensive Compilation of Decisions, Reports, Public Notices, and Other Documents of the …, 18, 21. Washington: Federal Communications Commission.
United States of America. (2002, January 15). Before the Securities and Exchange Commission, Accounting and auditing enforcement, Release No. 1.494, Administrative Proceeding, File No. 3-10.678.
Valor, J. (2004). Competition in Spain's Telecommunications Sector. Barcelona: IESE Business.
Yalman, G. et al. (2018) The Political Economy of Financial Transformation in Turkey. Abingdon: Routledge. https://doi.org/10.4324/9781315669632
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2021-05-17
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