Telefonica's New Plan Is Nothing New

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By Dimitris Mavrakis | 1Q 2020 | IN-5713

 

The New Telefonica

NEWS


José María Álvarez-Pallete, the Chairman and CEO of Iberian multinational network operator Telefonica announced the company will now undergo a considerable transformation that will allow it to lead for another 100 years. The CEO argues that the world has indeed changed and is now fast-moving, full of geopolitical, financial, and regulatory uncertainties.  On top of this, technology in general—including cloud computing and Artificial Intelligence (AI)—is rapidly changing society and the workplace. It is natural that any Communications Service Provider (CSP)—and certainly a Tier-1 like Telefonica—will need to transform and evolve in order to survive, let alone thrive.

Several other Tier-1s are also engaged in their own transformation initiatives, all of which are necessary to break free from their connectivity legacy and monetize 5G like promised: as a platform provider and ecosystem enabler, rather than j...

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