By Gillian West

Telefónica, the parent company of UK mobile operator O2, has announced the closure of Telefónica Digital as part of a restructuring process which aims to simplify the business.

Created in 2011, Telefónica Digital was tasked with developing mobile and digital marketing, tasks which will now be incorporated into the Global Corporate Centre, Telefónica’s central operations unit.

Following the closure Telefónica Digital president Matthew Key will be redeployed to Telefónica UK (O2), working alongside CEO Ronan Dunne. Duties carried out by the UK-based business will now be handled from Madrid leaving it unclear if any jobs will be lost in the Read full story ›

Source: The Drum