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Royal Decree 268/2026 amends RD 1124/2024 to establish a 30-day deadline for Telefónica de España to submit a new grant application for the deployment of a submarine cable between mainland Spain and Gran Canaria. This change directly affects the company, which must act within the set timeframe to maintain its right to funding. The amendment is part of the Recovery, Transformation and Resilience Plan and the Connecting Europe Facility (Digital).
For Telefónica de España, this entails an obligation to submit a new application within 30 days, which may affect its execution schedule. European and Spanish authorities maintain the funding under the Next Generation EU framework. The company's advisors must ensure the application aligns with the new technical and documentation requirements set out in Annex III of RD 1124/2024.
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