MADRID, 17 Oct. (EUROPA PRESS) -

Telefónica is analyzing a revision of its current strategic plan, through which Telefónica Tech and Infra were created, among other decisions, to adapt it to the macroeconomic context of high inflation derived from the war in Ukraine.

The operator has hired McKinsey

The fall of the world stock markets as a result of the war in Ukraine and the tensions due to inflation and energy prices have corrected the company's stock market course, which arrived in the summer having recovered five euros per share and is currently listed at 3 .34 euros, a drop of 34% from annual highs and 10% from January.

Despite the review, Telefónica's strategic plan is expected to maintain the foundations with four strategic markets (Germany, Brazil, Spain and the United Kingdom), the commitment to modulate exposure to the rest of the Latin American market and the growth of Telefónica Infra and Telefónica Tech.

To date, the development of the plan has advanced with the exit from Central America, or the sale of the Telxius towers and the merger with Liberty Global to reduce debt, which has risen to 27,800 million euros in June after standing around of the 38,000 million when the plan was approved.

Likewise, the firm has also closed alliances with Infra to deploy fiber optics in all its strategic markets with Allianz as a partner in Germany, CDPQ in Brazil, Predica and Vauban in Spain and Infravia in the United Kingdom. In addition, it has also reached agreements with KKR in Chile and Colombia.