Telefónica turns the light off to cut debt
Telefónica has resorted to turning the lights off in order to cut its well-known debt; and from the sounds of things, it might well work.
It wouldn’t be an overwhelming surprise if the Spanish telco is using energy efficiency as a way of alleviating pressure coming from its well-publicised debt. Latest word from Telefónica confirmed the sum sits at just under €50 million after chopping a few million off in Q3, so it’s getting there.
By instigating the Global Energy
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