Telefónica has announced three significant changes to its organisational structure.
It’s setting up a new business unit called Telefónica Digital. Matthew Key, who joined O2 in 2002 and had previously been in charge of Telefónica Europe, will run the unit. It’ll be based in London with offices in Madrid, Sao Paulo, Silicon Valley and a number of locations in Asia. Around 2,500 staff will be drawn from Telefonica and its associated businesses.