Spanish telecoms giant Telefonica has appointed Emilio Gayo as its new chief operating officer, it said on Thursday, in a reshuffle after Marc Murtra took over as executive chairman in mid-January.

Spanish telecommunications company Telefonica has hired Rothschild to help it sell its unit in Peru that filed for bankruptcy protection last month, El Confidencial news outlet reported on Thursday. Last month,

Telefónica’s recently appointed new CEO, Marc Murtra, is shaking up his top teamThe head of Telefónica Spain, Emilio Gayo, has been appointed as chief

Telefónica, S.A. (NYSE:TEF – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Investing.com -- Spanish telecommunications giant Telefonica (BME: TEF) has engaged Rothschild to facilitate the sale of its troubled unit in Peru. The unit, which sought bankruptcy protection last month, is being divested as part of Telefonica’s broader strategy to decrease its presence in Latin America.

Spanish telecoms giant Telefónica has struck a deal to sell its Argentinian unit to Telecom Argentina for $1.245 billion. It follows reports last month that the carrier was in talks with both international and domestic suitors for the business.

The Argentine Administration of President Javier Milei announced Monday that the buy-over of Telefónica de Argentine by Telecom has been handed over to the National Communications Board (Ente Nacional de Comunicaciones - ENACOM) and the National Competition Defense Commission (Commission Comisión Nacional de Defensa de la Competencia - CNCD) to determine if the move constitutes a monopoly.

Telefonica struck a deal to sell its unit in Argentina to Telecom Argentina for $1.3B, though the move is being assessed over monopoly fears.

Spain's Telefonica reported a 2.8% drop in full-year profit on Thursday as it wrote off over 2 billion euros ($2.09 billion) in the fourth quarter due to the impairment of Latin American assets. Telefonica said it met every financial target for 2024 and reduced its leverage by 2.

Spain's Telefonica posted on Thursday a 42% slump in fourth-quarter net profit to 425 million euros ($446 million) from 730 million euros in the same period in 2023, missing analysts' estimates.

Approximately 24,000 employees Prosegur will soon be given access to the Telefónica gen AI virtual assistant solution.

Telefónica has announced the sale of its Argentina to Telecom Argentina for $1.25 billion. In a short statement released yesterday, the company said that it has “reached an agreement with Telecom Argentina to sell all of its shares in the share capital of Telefónica Argentina.