Thursday, November 28, 2019

The arguments that Álvarez-Pallete did not give

It was a hotbed in Latin America when Telefónica arrived in the region 30 years ago. Therefore, it is difficult to understand the argument of its executive president, José María Álvarez-Pallete, in the sense that the region is unstable and for that reason they will only concentrate their growth, development and investment efforts in Brazil, Spain, Germany and the United Kingdom.

Telefónica entered Latin America by buying cheap state-owned companies that, by the way, were behind in their investments and in their technology. And, for example, within a few years of arriving in Argentina that operation represented about half of the Ebitda of the parent company. And Telefónica expanded thanks, in part, to the profits that turned from the region. It was not the Potosí silver, but the contribution was important. The proof of this strengthening is that at the beginning of the 21st century, Telefónica's share was trading at more than 22 euros, about two-thirds more than at present.

Read full article

MORE ANALYSIS

América Latina · Economy08/01/2026

CAF says Argentina, Bolivia and Chile should achieve “strategic coordination” in lithium exploitation

The multilateral lending institution believes that a common bloc would strengthen bargaining power, influence standards and pricing, promote the development of local value chains, and prevent a disorderly competition in which all parties lose.

Globales · Smartphones & Devices07/01/2026

CES 2026

Infinix unveils advances in D2D satellite communications

Globales · Smartphones & Devices07/01/2026

LG unveils its LG CLOiD home robot

List all analysis

A DIARIO LATINO 10-01-2026

Globales · Smartphones & Devices 07/01/2026

Samsung pushes AI “everywhere”

Globales · Smartphones & Devices 07/01/2026

LG unveils its LG CLOiD home robot

List all news