Telefonica finally following its new GPS

Telefonica this week unveiled a new strategic plan that is all about boosting cash flow and keeping shareholders happy.
The Spanish operator has been talking about the plan – dubbed GPS, a handy initialism covering some top business buzzwords: Growth, Profitability and Sustainability – for some months, and gave a hint as to what it might look like at its first-half results presentation in the summer. Now, alongside a set of Q3 numbers that show solid organic revenue and earnings grow