Telefonica has predicted its digital business to generate annual sales of about €5 billion by 2015.
The Spanish phone company, which owns Irish mobile operator O2, is reeling from declining revenue at home and competition from discounters. Revenues of Telefonica Digital, created in September 2011 by combining digital assets over three continents such as social-networking site Tuenti and Web-phone unit Jajah, will expand at an annual growth rate of 20 per cent, the Madrid-based company said...
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