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Telefónica’s M2M and enterprise security services are performing well, but cloud services are a challenge

Igor Babić Research Analyst

"Telefónica is well-positioned to benefit from the growing ICT business requirements of large enterprises and SMEs, but the finanical results from its enterprise digital services show that there are still challenges to be overcome."

IoT, security and cloud are areas of focus for many operators' enterprise divisions. Unlike most operators, Telefónica reports revenue from from each category.  This comment explores Telefónica’s performance in each of these key growth areas.