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Telefonica to invest USD 200 mln in new innovation platform

Monday 18 May 2015 | 13:57 CET | News
Telefonica and seed investor Coral Group have joined forces to create an investment platform aimed at accelerating the development of innovative products and initiatives for the operator's customers in Europe and Latin America. Under the terms of the strategic partnership Telefonica will invest USD 200 million in Coral's Communications Investment Platform (CIP) via its Open Future programme. Telefonica said its investment in CIP would help it to form "innovation factories" to accelerate the creation of new and disruptive technologies for its 320 million customers. The partners added that they

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Categories: General
Companies: Telefonica
Countries: World
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