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Telefónica FY25 spend: Group eyes ‘big year’ on savings
Richard Agnew2026-03-26T00:00:00
Source: Telefónica
With building blocks now in place for much of Telefónica’s multi-billion-euro ‘totex’ reduction plan, execs promise ‘significant’ progress on savings drive in FY26…
This article includes:
- Themes: Cost‑saving programmes; Workforce restructuring; Redundancy schemes; Opex inflation; Totex reduction; Vendor renegotiation; Procurement optimisation; Capital‑intensity targets; Transform & Grow execution; Efficiency roadmap.
- People: Emilio Gayo; Marc Murtra.
- Geographic: Spain; Europe.
- Organisations: Telefónica.
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