Telefónica simplifies operating model in Spain to harness synergies, drive growth and scale digital services internationally

• Telefónica España is redefining its structure around three major independent business units: B2B Spain, B2C Spain and Wholesale Spain. The aim is to sharpen focus within each segment, drive growth, streamline the organisation and strengthen accountability for the performance of each unit. • Telefónica España’s support functions will become part of the corresponding corporate areas, simplifying the management model and harnessing synergies.