Friday, April 19, 2024

Telefónica celebrates 100th anniversary

On 19-April-2024, Telefónica commemorated its 100th birthday and Spain’s King Felipe VI joined Telefónica’s Chairman José María Álvarez-Pallete in festivities in Madrid.

Telefónica published a video that highlights the profound transformation that Spanish society and the Spanish economy have undergone over the last 100 years, in which the company has been a direct witness and main player in this modernization. During the video, Don Felipe recreates, together with the company, the historic moment when his great-grandfather Don Alfonso XIII inaugurated Telefónica’s headquarters in Madrid’s Gran Vía.

At that time, H.M. King Alfonso XIII watched the growth of Madrid from the terrace of the Telefónica building on Gran Vía with Estanislao de Urquijo, who was the company’s chairman. 

In this video, Don Felipe appears next to the current chairman of Telefónica, José María Álvarez-Pallete. 100 years ago, the King’s call to the President of the United States, Calvin Coolidge, opened a new era of communication in Spain; and on this occasion Don Felipe glimpses Telefónica’s bid to lead the digital era with the switch-on of its intelligent telecommunications network, the most state-of-the-art in Europe and one of the best in the world, after saying goodbye to the legacy of copper.

TSMC's Q1 revenue rises 13% yoy despite smartphone slowdown

TSMC reported announced consolidated revenue of NT$592.64 billion, net income of NT$225.49 billion, and diluted earnings per share of NT$8.70 (US$1.38 per ADR unit) for the first quarter ended March 31, 2024. Year-over-year, first quarter revenue increased 16.5% while net income and diluted EPS both increased 8.9%. 

  • Compared to fourth quarter 2023, first quarter results represented a 5.3% decrease in revenue and a 5.5% decrease in net income. 
  • In US dollars, first quarter revenue was $18.87 billion, which increased 12.9% year-over-year but decreased 3.8% from the previous quarter. 
  • Gross margin for the quarter was 53.1%, operating margin was 42.0%, and net profit margin was 38.0%.
  • In the first quarter, shipments of 3-nanometer accounted for 9% of total wafer revenue; 5-nanometer accounted for 37%; 7-nanometer accounted for 19%. 
  • Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 65% of total wafer revenue.

“Our business in the first quarter was impacted by smartphone seasonality, partially offset by continued HPC-related demand,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC. “Moving into second quarter 2024, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies, partially offset by continued smartphone seasonality.”

Updated guidance for Q2
  • Revenue is expected to be between US$19.6 billion and US$20.4 billion; 
And, based on the exchange rate assumption of 1 US dollar to 32.3 NT dollars, 
  •  Gross profit margin is expected to be between 51% and 53%; 
  • Operating profit margin is expected to be between 40% and 42%.

Zayo appoints Colman Deegan to head European operations

Colman Deegan has been appointed CEO of Zayo Europe.

Deegan spent more than two decades at Vodafone where he held senior leadership positions such as Group M&A Director, CFO at Vodafone India and Italy as well as CEO of Vodafone Turkey. Most recently, as Vodafone Spain’s CEO, he led a successful operational turnaround in one of the most competitive markets.

Steve Smith, CEO Zayo Group, says, “Colman’s experience and proven track record as a CEO leading large teams and businesses makes him perfectly equipped to take our European business to new heights, together with our outstanding local team. Colman will drive Zayo forward, strengthening our partnerships with data centres, hyperscalers, and enterprises across Europe. Under Colman’s leadership, we are confident that we will achieve our bold ambitions and maximise our impact in the European market.”