The Telefónica’s aims for its new IoT, cloud and security unit look challenging

Telefónica announced a significant change in strategy in November 2019. The most interesting development from a business services perspective is the creation of ‘Telefónica Tech’, a collection of the operator’s security, cloud and IoT and big data assets, focused mostly on the business market.

The target of an extra EUR2 billion a year from Telefónica Tech is a sign of the management’s ambition for this new division, but it will be difficult to achieve.

 

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