Telefónica has implemented a new organizational structure, that was approved on the 26th February 2014 Board meeting of the company, one that is completely focused on clients and incorporates this digital offering as the main focus for commercial policies. The structure gives greater visibility to local operations, bringing them closer to the corporate decision-making centre, simplifying the global structure and strengthening the transverse areas to improve flexibility and agility in decision makings.
Within this framework, Telefónica has created the role of the Chief Commercial Digital Officer, who will be responsible for fostering revenue growth. On the cost side, the Company has strengthened the role of the Chief Global Resources Officer. Both Officers will report directly to the Chief Operating Officer (COO), as will the local business CEOs for Spain, Brazil, Germany and the United Kingdom, in addition to the Latin American Unit, now without Brazil.
The new model integrates the activities carried out to date by Telefónica Digital, Telefónica Europe and Telefónica Latam into the Global Corporate Centre, thus simplifying the organization.
New organization chart
- Corporate Centre
Within this organisational structure, Telefónica’s Corporate Centre is responsible for its global and organisational strategies, its corporate policies, management of common activities, and coordinating the activity of business units.
- Alliances and other shareholdings
Telefónica operates in China and Italy through shareholdings China Unicom and Telecom Italia.
- Venture Capital
Venture capital is a key pillar of Telefónica strategy as it seeks to invest in the best up-and-coming technology companies to help expand its capabilities in the digital world.
Wayra is a Telefónica initiative whose main aim is to promote innovation and identify talent in Latin America and Europe in the fields of Internet and new Information and Communication Technologies (ICT). Its global project acceleration model helps entrepreneurs develop, providing them with technological tools, qualified mentors, a cutting edge working space and the financing required to accelerate their growth.
Already present in Argentina, Brazil, Chile, Colombia, Germany, Ireland, Mexico, Spain, the United Kingdom, Perú, Czech Republic and Venezuela, Wayra’s calls for projects have received more than 20,000 applications from new digital businesses, making it one of the leading global platforms for identifying technological talent in the ICT world. Its academies in Bogotá, Mexico City, Buenos Aires, Lima, Madrid, Barcelona, Caracas, Sao Paulo, Santiago de Chile, Munich, London, Dublin, and soon to be opened in Prague, currently host more than 290 startups.
Visit Wayra for more information or follow Wayra on Twitter @wayra
Amérigo is an international network of technological Venture Capital funds which forms part of Telefónica's commitment to boosting technological innovation around the world.
The Amérigo Funds are aimed at projects at the expansion phase. Each fund is managed by an independent expert manager, chosen following a selection process in each country, and who operates completely autonomously, though with certain objectives aligned with Telefónica's strategy.
The project has been initially launched in four countries (Spain, Brazil, Chile, Colombia) thus laying the bases for a global network for investment in innovation to boost companies and their new digital services around the world, especially in regions such as Latin America which are not the main focus of risk capital.