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General

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

Thursday 28 November 2019 | 09:23 CET | News
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.

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Categories: General
Companies: Telefonica / Telxius
Countries: Brazil / Germany / Latin America / Spain / United Kingdom
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