Telefonica CEO sets stage for strategic review

The president of Telefónica, Marc Murtra, reaffirmed this Thursday his demand to the regulatory authorities of the European Union to relax the rules and allow a process of consolidation among the major European telecommunications operators in order to confront the giants of the United States or China. However, in his speech to the general meeting of shareholders he went a step further and demanded that, before that process of European mergers, B…

“Our priority will be Europe, Europe and Europe”, proclaimed the new president of Telefónica, Marc Murtra, addressing for the first time all the shareholders of the group at the general meeting held this week. The great Spanish teleco, which again has the government as one of the great partners of reference (the State has returned to its capital a quarter of a century after its privatization), is working on a new strategy with which it seeks to …

Shareholders support Murtra’s appointment to the company’s board with the confidence that the share price will rise

New Telefónica CEO preps massive overhaul

Marc Murtra was made Telefónica’s new CEO in January, an appointment that now has the blessing of shareholders He has already revamped the telco’s top executive team Now he is preparing an “ambitious” review that will focus on gaining greater scale in Europe and simplifying the telco’s operations

Telefónica's Annual General Meeting, held yesterday at the company's headquarters in Madrid, was marked by massive support—over 90%—for the appointment of the new CEO and by the ratification of the new era led by Marc Murtra, with its key future clearly outlined. In terms of communication, among the many accredited media outlets, the new chairman's attitude was a very positive surprise. He made a brief but significant informal visit to the press…

Telefónica President advocates more flexible EU merger legislation. Read more Telefónica and its merger strategy in Europe in News.es.