Spain’s Telefonica looks to make money from mobile towers

Telefonica (TEF.MC) said on Tuesday it would speed up a plan to make money from its tens of thousands of…

Telefonica (TEF.MC) said on Tuesday it would speed up a plan to make money from its tens of thousands of mobile tower sites and offer an early retirement option and retraining to its unionized Spanish workforce. Europe’s third-biggest telecom company, like many peers, has been struggling to post strong growth in an increasingly crowded market and its share price has fallen 10% this year.

Follow the live information on our channel