Warning that its current telco business is "close to being exhausted," Telefónica announced a major restructuring that will see it divest from most of its markets in Latin America and refocus on its key European operations.
José María Álvarez-Pallete, Chairman & CEO of Telefónica, states: "At Telefónica, we have the mission of imagining the company we want to have for the future. It is up to us to design a company for the next 100 years. An...