Telefonica AGM OKs All Board Proposals, Confirms €0.15 Dividend and Transformation Strategy

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strategy to simplify the group, focus on four core markets (Spain, UK, Germany, Brazil), exit non-core Latin American markets, and pursue scale-driven European consolidation with the aim of becoming a leading "tech-telco" by 2030 and a top global telco by 2035.Telefonica said it met its 2025 financial commitments with adjusted EBIT up ~2%, free cash flow from continuing operations of €2,069m, B2B revenue growth of 7.1%, and cited strategic moves like the Netomnia acquisition and acquiring FiBrasil's fiber to bolster network capabilities.Interested in Telefonica SA? Here are five stocks we like better.Telefonica (NYSE:TEF) convened its ordinary general shareholders’ meeting on second call with a quorum representing more than 65% of the company’s share capital, according to figures read into the record by the meeting’s secretary and later updated following the close of the speakers’ list.Provisional attendance figures cited at the start of the meeting indicated 27,390 shareholders attending in person or by proxy, holding 3,720,786,545 shares and representing 65.62% of the company’s share capital. The chair declared a valid quorum for the meeting on second call, and the notary asked whether any attendees had reservations or protests concerning the attendance statements; none were reported at that time.→ Quiet BNY and Northern Trust Reward Patient InvestorsLater, final attendance data presented after the speakers’ list closed showed 27,661 shareholders present or represented, holding 3,726,013,000 shares, representing 65.71% of the company’s share capital.The secretary also reviewed the process for shareholder interventions and voting, including procedures for remote participation and instructions related to proxy voting where directors could face conflicts of interest. Shareholders attending in person were instructed to register votes against or abstentions at designated desks; otherwise, votes would be deemed in favor of the proposed resolutions.→ The Silicon Squeeze: AI Pricing Power Lifts Chip StocksThe secretary informed shareholders about the company’s annual corporate governance report for fiscal year 2025, filed with Spain’s securities regulator (CNMV) on Feb. 24, 2026, and made available on the company’s website. The secretary said Telefonica complies with “practically all” recommendations of Spain’s good governance code, while highlighting areas of partial compliance, including:Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 66,400.16 +254.00 (+0.38%)ETH-USD Ethereum USD 1,996.89 +9.42 (+0.47%)XRP-USD XRP USD 1.33 +0.01 (+0.87%)BTC-CAD Bitcoin CAD 92,299.56 +353.07 (+0.38%)SOL-USD Solana USD 82.07 -0.72 (-0.87%)PortfolioSign in to access your portfolioSign inTop gainersAGX Argan, Inc. 566.62 +155.77 (+37.91%)U Unity Software Inc. 19.45 +2.32 (+13.54%)ADV Advantage Solutions Inc. 25.57 +2.99 (+13.27%)ADMA ADMA Biologics, Inc. 9.25 +0.96 (+11.58%)MEOH Methanex Corporation 65.22 +5.76 (+9.69%)Top losersFLY Firefly Aerospace Inc. 23.71 -3.11 (-11.58%)YOU Clear Secure, Inc. 47.44 -5.96 (-11.16%)ASTS AST SpaceMobile, Inc. 78.67 -9.19 (-10.46%)HNGE Hinge Health, Inc. 36.25 -3.93 (-9.78%)ZETA Zeta Global Holdings Corp. 14.55 -1.53 (-9.51%)Most activeNVDA NVIDIA Corporation 167.52 -3.72 (-2.17%)GRAB Grab Holdings Limited 3.5700 -0.1400 (-3.77%)TSLA Tesla, Inc. 361.83 -10.28 (-2.76%)INTC Intel Corporation 43.13 -0.97 (-2.20%)NU Nu Holdings Ltd. 13.60 -0.42 (-3.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events