Telefónica’s board will meet on Wednesday to consider a sweeping overhaul of the telecom giant’s operating model, consolidating its activities into three pan‑European verticals: Consumer, Business and Technology. The proposal, outlined by El Economista, follows the company’s Transform & Grow strategy unveiled nearly a year ago and aims to simplify decision‑making ahead of the summer.
Under the new structure, each division would operate across all of Telefónica’s markets, aligning product portfolios and sales teams under a single leadership umbrella. The board plans to approve a streamlined blueprint that the group has been testing since early 2024. Meanwhile, the Nomination Committee is reviewing initial executive candidates to head the three units, signaling that leadership appointments could arrive quickly.
Why the Change Matters
Telefónica has struggled with fragmented operations and varying performance across its 17‑country footprint. By grouping businesses into broader categories, the company hopes to boost efficiency, accelerate innovation and deliver more consistent service to both individual customers and enterprise clients.
Next Steps
If the board endorses the plan, the new divisions would be formally launched after the summer, with appointed CEOs expected to set targets and integration timelines. Telefónica declined to comment further, leaving investors and employees to watch for forthcoming announcements.