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Force for the Future At 100, Telefónica Builds Forward-Looking Technology and Content
Backed now by the Spanish government and Spain’s second bank, Telefónica focuses on realising the potential of its 5G network.
Some 100 years after its 1924 launch, Telefónica, one of Europe’s four largest telephony providers, has reopened the doors of the neo-Baroque building having restored its recessed panel ceilings, the original floors, railings and atrium clock, adding, however, a LED display cubicle, teleconferencing and a vidgame space. Unmanned Life, a Telefónica-backed robotics and drone company powered by 5G and AI, for example, is developing an API to provide guaranteed best video streaming services on demand for police, which could be used at 80,000-seat stadiums even if normal networks are saturated by people using their mobile phones. Capital investment needed for 5G and fiber networks has meant cash flow, the sign of a healthy company, has come under “massive pressure,” Alex Evans, head of TMT EMEA Barclays, said at June’s Media and Telecoms 2024 Conference in London.
Or read this on Variety