Telefónica looks to e-gaming to fill debt hole

Telefónica has announced a strategic partnership with ESL to build its presence in the e-Sports arena in another move to diversify its business and address its debt issues.
Movistar, Telefónica’s commercial brand in Spain, will create a dedicated platform with exclusive content for Movistar+, as well as additional social networks built around various games and upcoming competitions.
“This will create an electronic gaming ecosystem in the country which, in addition to th