Key facts: Telefonica CEO hints at capital raise; Citigroup resumes coverage; 3,000 base stations planned in Germany

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2025.12.02 02:03
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At Telefonica's capital markets day, CEO Marc Murtra indicated a willingness for a capital raise for potential mergers, while Citi analyst Siyi He noted uncertainties around pricing and funding.1Citigroup has resumed coverage of Telefonica (TEF) with a 'neutral' rating and a price target of 3.90 euros, noting challenges like competition and high debt, as shares drop to 3.67 euros.23Telefonica plans to install 3,000 base stations in Germany over the next two years, enhancing its network infrastructure in the region.4

  • At Telefonica's capital markets day, CEO Marc Murtra indicated a willingness for a capital raise for potential mergers, while Citi analyst Siyi He noted uncertainties around pricing and funding.1
  • Citigroup has resumed coverage of Telefonica (TEF) with a 'neutral' rating and a price target of 3.90 euros, noting challenges like competition and high debt, as shares drop to 3.67 euros.23
  • Telefonica plans to install 3,000 base stations in Germany over the next two years, enhancing its network infrastructure in the region.4