Álvarez-Pallete gets political as challenges grow

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Source: Telefónica

Quiet support for a boardroom coup at Prisa indicates Telefónica’s political muscles as business priorities coincide with larger social challenges. Telefónica supporting government recovery goals, but lobbying for a more favourable investment environment as 5G auction looms. Group emphasising its Europe role as Latin America retreat sees grumbling.

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“The detail is very good. Better than we get internally.” – GM, Vodafone OpCo