Pension scheme boost

THE volume of assets in the individual pension system in Spain increased by €365m to €83.1bn in May 2023, according to data from Inverco.

By Alex Trelinski

action plan to spur growth across several European markets.

Deutsche Bank telecoms analyst Robert Grindle said that a partial or full sale of Vodafone’s Spanish division, including its fixed-network infrastructure, could attract private equity interest.

“Further strategic action by Vodafone to address underperforming assets following recent news of the proposed UK merger should prove sentiment supportive,” noted Grindle, referring to Vodafone’s planned merger with Three.

Vodafone is not the only firm in the Spanish market suffering from high competition with Orange having to strike a deal to merge operations with Masmovil to make savings, allowing it to increase investments.