Telefónica to Shed Most Latin America Assets

Telefónica is unwinding a significant portion of tis “grow by acquisition” portfolio in an effort to reignite growth. Among the key moves, Telefónica will:

1. Prioritize Spain, Brazil, the UK and Germany
2. Spin off most of its Latin American assets
3. Launch Telefónica Tech, supplying  enterprise customers with cybersecurity, IoT, big data, and cloud services
4. Create Telefónica Infra, intending to be a supplier to other service providers.

José María Álvarez-Pallete, Telefónica chairman and CEO, talks about the changes.