Alithandabuzeki elokuba kwezi ntsuku uMás Móvil yenye yexabiso lenkwenkwezi kwisalathiso esikhethiweyo sezabelo zamazwe, i-Ibex 35. inyuka ngaphezu kwama-30% okoko kwaqala unyaka kwaye yenye yezona zimanga zintle kubatyali mali abancinci nabaphakathi. Nangona ngoku umbuzo abawubuzayo kukuba ngaba lixesha lokuthatha izikhundla ngeli xabiso. Okanye ukuba, ngokuchaseneyo, kukho indawo yokukhula okunokubakho kwixesha elifutshane neliphakathi.
Ukusuka kule ndlela yotyalo-mali, inye kuphela into ecace gca kwaye yile yokuba kubonakala ngathi Ngakumbi Imfono akukho namnye onokumnqanda, Ubuncinci ngalo mzuzu. Ukuya kwinqanaba lokuba ukusukela ebhengeze ukujongana kwayo neorenji kwiiveki ezimbalwa ezidlulileyo inyuke ngaphezulu kwe-22% kwaye inyuka ngokuthe ngcembe ekuvaleni kweveki. Kwezi, ukunyuka kwamaxabiso abo kwimarike yemasheya kuye kwahamba phakathi kwe-1% kunye ne-8%, ngexesha elingathandekiyo kutyalo-mali kwiimarike ze-equity. Ukuba lelinye lawona maxabiso aphambili kwimarike yesizwe eqhubekayo.
Ewe kunjalo, esi sibhengezo sentengiso sibalulekileyo malunga ifayibha kunye neenethiwekhi eziphathwayo ngeOrange Spain, eya kuthi ivumele inkampani ukuba iphucule indawo yayo yokukhuphisana, isenokuba yinto entsha yokukhuthaza ukuthenga kwakhona kwiimarike zezabelo. Kwicandelo elingenazindululo zigqithisileyo ngaphakathi kwisalathiso somvuzo okhethiweyo welizwe, i-Ibex 35. Apho ummeli wayo ophambili ngumnxeba wesizwe ngokugqwesa kweTelefonica, engahambisani nelona xesha lihle kwixabiso lakhe iintshukumo.
Iselfowuni okanye umnxeba?
Omnye wemibuzo uninzi lwabatyali zimali abancinci nabaphakathi abawubuzayo ngoku kukuba kungcono ukutyala imali eMás Móvil okanye eTelefonica. Olu khuphiswano ngaphakathi konxibelelwano kwilizwe lethu. Ngale ndlela, ingcebiso evela kubahlalutyi bezemali ijolise eyokuqala ngenxa enkulu ukukhula okunokubakho onayo ukusukela ngoku. Kodwa inyani kukuba ixabisile kakhulu kwiinyanga ezidlulileyo kwaye kukho umngcipheko omkhulu wokufika emva kwexesha kwizikhundla zeli xabiso. Ayothusi into yokuba okwangoku uhambo lwayo sele lungaphantsi kweenyanga ezimbalwa ezidlulileyo.
Ngelixa kwelinye icala, kufuneka kugxininiswe ukuba uMás Móvil angazilungisa iindawo zakhe nangaliphi na ixesha. Oko kukuthi, ukulungiswa okukhulu kunokwenziwa ebusweni bokunyuka okukhulu okuye kwaphuhliswa. Ngaphandle kwento yokuba ikwijelo ephezulu yesayizi ethile, ngokwemiqathango: imfutshane, iphakathi ubude. Kodwa ngeenkcukacha ezincinci kwaye yile veki zidlulileyo ukungazinzi kuye kwanda ngamaxabiso. Oko kukuthi, umahluko omkhulu phakathi kwamaxabiso aphezulu kunye neyona isezantsi kwaye elixabiso lenza ukuba libe nomtsalane kakhulu kwimisebenzi yabarhwebi.
Ifowuni engezantsi kwe-7
Kwelinye icala, i-telecom yaseSpain yokugqwesa ibonakalise isimilo esahlukileyo kwiinyanga ezidlulileyo kwaye oko kukhokelele ekutyeleleni i amanqanaba asondele ku-5.50. Kude kakhulu kwi-euro ezingama-8 apho yayithengisa khona ekuqaleni konyaka. Inesaphulelo esibaluleke kakhulu sokuba ngamanye amaxesha kuya kufuneka silungisiwe kuba yenye yeetshipsi ezinkulu eziluhlaza kuzwelonke. Kuzo zombini iimeko, iyathengisa ngesaphulelo esibalulekileyo xa kuthelekiswa noMás Móvil. Ukusuka kule ndawo yokujonga, amandla akho okuxabisa anokuba phezulu kakhulu xa kuthelekiswa nalawo ukhuphisana naye. Ubuncinci ngokubhekisele kwixesha elifutshane neliphakathi, eli lixesha lesigxina uninzi lwabatyali mali abancinci nabaphakathi bajolise kulo. Ukuba akunjalo, ngokuchaseneyo, kukho ezinye iindlela ezizezinye ezinenzuzo kulo naluphi na uhlobo lwesicwangciso-mali.
Cap kwiiyure ezingama-6,80
Enye yeengxaki ezinkulu iTelefonica enayo okwangoku kukuba inika ikepusi enkulu kwi-6,80 euro ngesabelo ngasinye. Apho uxinzelelo lokuthengisa luvakala kwizikhundla zabatyali zimali zentengiso kwaye loo nto yenza ukuba kube nzima ngakumbi ukuqala ukuya kwizikhundla eziphezulu kwixabiso. Ukusuka kolu luvo, enye yeendlela zotyalo-mali onokuzisebenzisa ukulinda iTelefonica ukuba yoyise le nkcaso inamandla yokungena kwizikhundla zayo ukuze ikapitali ityale inzuzo. Kuba ukoyisa ke ewe oko iinjongo zakho zinokuba ngaphezulu kunangaphambili.
Kuyo nayiphi na imeko, kufuneka kugxininiswe ukuba kungekudala kungekudala isenzo sale telecom kuya kufuneka sivuke kwaye siye kumanqanaba anzima ngakumbi. Ngesi sizathu, enye yeendlela zotyalo-mali onokuzisebenzisa ukusukela ngoku ukuya ngqo kwizikhundla zakho kwixesha eliphakathi kwaye ngakumbi ixesha elide. Apho amathuba okufumana inzuzo eyinkunzi ephezulu kakhulu kwaye kunzima kakhulu kuwe ukuba ulahlekelwe yimali kwiintshukumo ezenziweyo ngeli xabiso likhulu lenkunzi yezabelo. Ayilolize, kula maxesha inenye yezona zinto ziphakanyiswayo zokuphakanyiswa kwemarike yaseSpain.
Amaqhinga kwiiteleco
Ukuba kukwithuba nje elifutshane, olona khetho lufanelekileyo inokuba yiMfono engaphezulu, ithathe ithuba lokunyuka kwayo okuphezulu okuntywiliselwe ngoku. Ngelixa kwelinye icala, asinakho ukulibala ukuba isenendlela ephezulu, nokuba imeko yezabelo zamazwe kunye namazwe angaphandle ayithandeki kunangoku. Enye into yile amaxesha okuhlala aphezulu apho eyona ndlela ilungileyo yotyalo-mali inokumelwa yiTelefonica ngenxa yesaphulelo esidweliswe kwizabelo zaso. Kufuneka kukhunjulwe ukuba kwiminyaka nje embalwa edlulileyo babethengisa nge-8 kunye ne-9 ye-euro ngesabelo ngasinye.
Kwelinye icala, icandelo leefowuni zonxibelelwano akwenzi awona maxesha mahle. Hayi kangako. Ukuba akunjalo, ngokuchaseneyo, ijongene nokuthandabuza okugqithisileyo okuqhuba indawo elungileyo yabatyali mali abancinci nabaphakathi kude neemarike zotyalo mali. Ngoxinzelelo lokuthengisa olungakhange lubonwe ixesha elide kwaye olukhokelele kwiipotfoliyo ezininzi zotyalo-mali eziye zaphuhliswa ngabaphathi beengxowa mali ezahlukeneyo. Ukonakaliswa kolunye ukhuseleko okanye iiasethi zemali ezonyuselwa ngakumbi ezinikezela ngesiqinisekiso esikhulu kwimisebenzi yabo yokuthenga.
Icandelo elinamalungu ambalwa
Kanye njengokuba kuyinyani ukuba baneengxaki zolwakhiwo ezikhokelele ekubeni bangabi namdla kwinxalenye yabanye babameli bezemali. Kuzo zombini iimeko, linyathelo elifanelekileyo kakhulu kukuba nxiba iradar Zombini zaya eMás Móvil naseTelefonica. Kodwa kuzo zonke iimeko, ukubeka esweni ezona nkxaso ziphambili kunye nokuchasana nokwandisa ukungena kunye nokuphuma kweentshukumo kwizikhundla zabo zesitokhwe. Okokugqibela, kufanelekile ukuba uqaphele ukuba kukho amanye amacandelo kwiimarike zezabelo ezibonisa ngakumbi ukonga ukwenza inzuzo ukusukela ngoku.
Ngayiphi na imeko, ngaphaya kwala maxabiso kwicandelo le-telecom azikho ezinye iindlela ezinokuqwalaselwa. Ngaphandle kwezi zibekwe kwi-MAB, ezinokhetho oluphezulu lomngcipheko njengoko zingenayo imigca yeshishini ephuhliswe kakhulu. Apho kunokuphulukana nemali eninzi kwiimeko zengeniso eyahlukileyo engathandekiyo, umzekelo inokwenzeka nge-Eurona okanye ezinye izitokhwe zeempawu ezifanayo. Ukuza kuthi ga kwinqanaba lokuba ayilo candelo lilungileyo ukuba lizibeke ngalo mzuzu kanye. Ukuba akunjalo, ngokuchaseneyo, kukho ezinye iindlela ezizezinye ezinenzuzo kulo naluphi na uhlobo lwesicwangciso-mali.
Isivumelwano neorenji
Iqela le-Más Móvil lifikelele kwisivumelwano senethiwekhi sehlabathi kunye ne-Orenji ebandakanya ukufikelela kwiinkonzo ezintsha ze-5G kunye nokonyuka okubonakalayo kwi-fiber optic footprint. Ngale ndlela, ukufikelela kwifayile ye- Itekhnoloji entsha ye-5G, ukuvumela ukwanelisa zonke iimfuno zexesha elizayo zomthamo wenethiwekhi ovela ekukhuleni kwemfuno kunye nokusetyenziswa kwedatha. Ngelixa kwelinye icala, baqikelela kwinkampani ukuba izakuxhamla ekuhanjisweni kwenethiwekhi ekumgangatho ophezulu ye-5G ukuya kuthi ga kwiindawo ze-4.500, ezibandakanya izixeko ezikhulu ezingama-40 eSpain eziza kugubungela i-35% yabemi baseSpain.
Kwelinye icala, iyakwandisa uthungelwano lwe-FTTH ukuya kumakhaya azizigidi ezili-14,2 ngo-2020. I-40 yezigidi zeerandi ngonyaka Ukusukela ngo-2021. Ngokukwanjalo, babona kwangaphambili ukuba kuyakubakho ukuphucuka okubonakalayo kuqikelelo lwe-EBITDA: kwi-2019 inyuka iye kwi-465 yezigidi zeerandi, kwaye izakuba phakathi kwe-570 kunye ne-600 yezigidi zeerandi ngonyaka we-2020 kwaye ekugqibeleni phakathi kwe-670 yezigidi kunye ne-700 yezigidi. Ngama-euro angama-2021. Ngayiphi na imeko, zicholwe kakuhle ziimarike zezemali njengoko ixabiso lazo kwimarike yemasheya lonyukile kwiiveki ezidlulileyo.