Telefónica is unwinding a significant portion of tis “grow by acquisition” portfolio in an effort to reignite growth. Among the key moves, Telefónica will:
- Prioritize Spain, Brazil, the UK and Germany
- Spin off most of its Latin American assets
- Launch Telefónica Tech, supplying enterprise customers with cybersecurity, IoT, big data, and cloud services
- Create Telefónica Infra, intending to be a supplier to other service providers.
José María Álvarez-Pallete, Telefónica chairman and CEO, talks about the changes.
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