Telefónica may cut 20% of its domestic workforce
During its two day Investor Conference at the end of last week, Spanish carrier Telefónica hinted at workforce cuts in its domestic market, potentially affecting as much as 20 per cent of headcount in Spain, or some 6,000 employees.
The cuts, revealed by Guillermo Ansaldo, head of Telefónica’s Spanish business, would take place over three years, as part of a focus on higher productivity drives which may also include outsourcing of operations and mobile network sharing – such as the deal struck between O2 and Eircom in Ireland. Certain IT applications and real estate will also be sold off for gains in the region of €600m, Ansaldo said.
Telefónica will look to its Latin American operations for the bulk of future growth, with the domestic unit underperforming and Spain in the grip of economic downturn.
Telefonica
How does this article affect your perception of Telefonica? What is this?
Telefónica offers EU-wide data roaming for €2 a day
Telefónica has announced a new pan-European data roaming tariff for customers, which it claims is up to ten times cheaper than the new price caps approved by the European Parliament this week.
Customers on the Movistar and O2 networks will be able to use up to 25MB of data whilst abroad, anywhere across the 27 European Union member states, for just €2 per day.
Telefónica profit drops by more than half
Despite seeing stability in revenue over the course of the first quarter of 2012, Telefónica has seen its net income plummet to less than half of what it recorded in the same period last year. Revenue for the quarter stood at €15.51bn, a 0.5 per cent increase on the €15.44bn generated in the first quarter of 2011, while net income fell 53.9 per cent from €1.62bn to just €748m.
Telefónica: one for all, or all for one?
There is an interesting parallel between today’s announcement that Telefónica is launching an app-based rich communications play—TU Me—and the unveiling two weeks ago of its O2UK arm’s mobile wallet offering. In both situations, Telefónica is simultaneously leading collaborative efforts along similar lines with the very operators on which it is attempting to steal a march by being quick to market.
O2UK launches mobile wallet service
Telefónica subsidiary O2 has become the first operator in the UK market to launch a mobile wallet offering. The service offers price comparison for online shopping, person to person money transfer and allows the user to digitise cards linked to existing bank accounts, or load money onto an O2 stored value account.
Loading ...
