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Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany
2019-11-28 09:23:00| Telecompaper Headlines
(Telecompaper) Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point plan to generate more than EUR 2 billion a year in additional revenues from 2022 onwards involves prioritising its four key markets of Spain, Brazil, Germany and the UK, carrying out an "operational spin-off" of its Latin American business and setting up a subsidiary for its cloud, cybersecurity and Internet of Things (IoT) businesses called Telefonica Tech and another for its infrastructure assets called Telefonica Infra.
Tags: business
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Category:Telecommunications