Telefónica's New Strategy: Transform & Grow
Telefónica has presented its long-awaited strategic review, aiming to cut €3bn from its annual costs by 2030.
The company's CEO, Marc Murtra, unveiled the strategic review at the Capital Markets Day meeting in Madrid, launching a new five-year plan called Transform & Grow.
Replacing the former Growth, Profitability and Sustainability (GPS) strategy, Transform & Grow is more ambitious.
- Annual revenue growth rate target: about 1%
- EBITDA growth: 2% for the 2023-26 period
The new plan aims to generate better revenue than previously announced.
Author's summary: Telefónica aims to save €3bn by 2030 with its new strategy.
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