International telecoms giant, Telefonica, has unveiled a 5-point plan to streamline its business operations and generate an additional €2 billion in new revenues by 2022.
In a letter to the company's shareholders, Telefonica's chairman and CEO, José María Álvarez-Pallete, said that the current competitive climate meant that the company must look to cut costs and work more efficiently where it could, if it was to reinvigorate its bottom line.
“Companies that do not assume their responsibility in this new world will cease to be relevant in the short term. Executives who are not committed to the long term and sustainability are not being responsible…read more on TotalTele.com »