Home Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany
 

Keywords :   


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 plan uk germany

Category:Telecommunications

Latest from this category

All news

»
14.11 HUNTER × HUNTER 135
14.11 2023 25.5cm
14.112014
14.11FIREWING PEGASUS
14.11 2024
14.11 1-15
14.11 90s AXO SPORTS BMX motocross
14.11
More »