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BOE-A-2026-7446 ·2 April 2026 ·Royal Decree Medium impact
Subsidies

Telefónica Spain to submit new submarine cable funding request within 30 days

Royal Decree 268/2026 amends Royal Decree 1124/2024 to set a 30-day deadline for Telefónica Spain to submit a new funding request for a submarine cable linking the Iberian Peninsula and Gran Canaria. This change falls within the framework of the Recovery, Transformation and Resilience Plan and the Connect Europe-Digital Mechanism.

In 2 key points

  1. Telefónica de España must submit new grant application in 30 days (art. 1 del RD 1124/2024 modificado)
  2. The deadline applies only to the Peninsular-Gran Canaria submarine cable project (art. 4 del RD 1124/2024 modificado)

How it affects those involved

The grant application deadline is extended to 30 days from the RD entry into force, without affecting other companies or previous beneficiaries; the grant amount and evaluation criteria remain unchanged.

Lifecycle

2026-04-02PublishedPublished in the BOE
2026-04-03Into forceComes into force (disposiciones transitorias del RD 1124/2024)
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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