BME:TEFTelecom
Telefónica Reshapes Business As Saudi Stake And Cost Cuts Reframe Value
Telefónica (BME:TEF) has reached a labor union agreement aimed at cost savings and workforce adjustments.
The company is restructuring its portfolio with reduced exposure to international markets.
Saudi Telecom has acquired a large stake in Telefónica, adding a new, politically sensitive shareholder to the register.
Telefónica (BME:TEF), a major European telecom and digital services group, is reworking its business mix at a time when the sector is focused on capital allocation, network...