Telefonica's 5-Year Strategic Plan
Telefonica has unveiled its long-awaited five-year strategic plan under CEO Marc Murtra, aiming to achieve €3B savings.
The plan, which will run from 2026-2030, is built on six pillars: enhancing customer experience, expanding B2C offerings, scaling B2B and public administration business, evolving technological capabilities, simplifying the operating model, and developing talent.
As part of this plan, Telefonica will cut its dividend payouts next year to prioritize investment in core technology, with the 2026 dividend reduced to €0.15 per share, paid out in June 2027.
The new strategy aims to establish Telefonica as a "world-class European operator with profitable scale".
Author's summary: Telefonica targets €3B savings with new 5-year plan.
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