BME:TEFTelecom
Telefónica (BME:TEF) Valuation Check as Major Spanish Layoffs Reshape Its Five-Year Strategy
Telefónica (BME:TEF) is back in the spotlight after agreeing a voluntary layoff plan of up to 5,500 employees in Spain, a sweeping move tied directly to its new five year restructuring strategy.
See our latest analysis for Telefónica.
Those restructuring headlines come on top of Telefónica’s recent quantum computing partnership and renewed value focus. Yet the share price return is still down double digits year to date, while longer term total shareholder returns remain positive. This...