Telefonica Dividend Preserves ‘Sound Payout’: CEO

The video discusses Telefonica's strategic decisions, including cutting dividends to fund investments in broadband networks amid COVID-19 uncertainties. The company is undergoing a transformation to become more tech-oriented, reallocating capital to enhance its infrastructure. Telefonica is actively involved in mergers and acquisitions, particularly in the UK and Brazil, and is exploring further deals in telecom infrastructure. The tech unit is attracting investor interest, with revenues growing in areas like cloud and cybersecurity.

Why did the company decide to cut dividends in 2020?

• To reduce company expenses

• Due to the challenges of 2020 and investment needs

• To comply with government regulations

• To increase shareholder returns

What is the main goal of the company's transformation process?

• To become a more technology-oriented company

• To reduce the number of employees

• To expand into new markets

• To increase the number of retail stores

What significant infrastructure development did the company achieve in Spain?

• Acquired a local telecom company

• Opened new retail stores

• Launched a new mobile phone model

• Expanded fiber network covering 80% of the territory

How has the pandemic affected the telecom sector according to the transcript?

• It has decreased the demand for telecom services

• It has accelerated digitalization and increased data volumes

• It has led to a reduction in infrastructure investments

• It has caused a decline in stock prices

What is the company's strategy regarding its tech unit?

• To prove its value to the market and attract investors

• To merge it with another tech company

• To sell it to the highest bidder

• To close it down due to low performance