Reported about 15 hours ago
Telefonica, the Spanish telecom giant, is refocusing its strategy in Latin America under new CEO Marc Murtra, aiming to reduce its presence in Spanish-speaking countries with lower profitability. The company plans to concentrate on four core markets: Brazil, Britain, Germany, and Spain, while making significant sales of its units in Argentina, Peru, and Colombia among others. Following recent ownership and management changes, Telefonica has initiated this shift to enhance capital efficiency.
Source: YAHOO