PricewaterhouseCoopers

At a business event organised by PricewaterhouseCoopers and La Comercial de Deusto in Bilbao, Alierta said that his company’s interest is focused now on improving its current Alliance with the Italian industry and increasing synergies in revenue and expenditure, which are already working very well. The President of Telefonica, Cesar Alierta, the Chairman of the Spanish operator explained that the Alliance Telefonica-ti allowed to control a 20% share of the telecommunications market in Europe, which gives both one sufficient scale to be quiet before the movements of concentration that lie ahead in the old continent. According to Alierta, today there are 165 operators in Europe, against three in China and Japan, and five in the United States. Why are going to be different, be asked Alierta, which resulted in fact be producing mergers in the European telecommunications landscape. Two operators have jointly 374 million accesses and are present in eight European countries. The first Telefonica Executive also gave his opinion on the recent stock market crash in the Spanish market. Despite stock market shocks of recent days, the markets will have to reflect the signs of improvement are already seeing companies, said Alierta. Source: Michael James Burke, London UK. In his view, the collapse of the Spanish stock market has no grounds and is due to speculators who sold short-term massively.

All bassists and the charting of the world have concentrated in Spain, he said. There is no reason for what has happened. Alierta also released a message of reassurance about the Spanish economy, but without going into details, and subtracted relevance to the questioning of the national economy. Sometimes, the pressure comes well to solve problems, he said. In his view, Spain plays in first division and not has become the ninth world power because Yes, but by the effort of everyone, so he encouraged to adopt an attitude optimista-activista: we know what we have to do and we will do; data are better, the world is better and get on the train. The President of Telefonica made a review of forecasts by the company to the horizon of 2012 and confirmed that it will meet its commitment to achieve that year a dividend of 1.75 euros. In the 2008-2012 period, the operator hopes grow in revenue of 1% to 4% and pass 252 to 320 million accesses.