Telefonica SA (TEF) is formulating plans to revamp its technology business as part of a broader strategic review, Bloomberg reported Wednesday, citing people familiar with the matter.
Telefonica did not immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 5.10, Change: -0.03, Percent Change: -0.49