Spanish company Telefónica is in the process of implementing a corporate venturing programme with a global investment strategy and designs on maintaining the Spanish company’s global position by providing it with access to the technological investments.

The company has built an ambitious early-stage accelerator, Wayra, active in a dozen countries with a more classic corporate venturing unit joining venture capital firms in syndicates backing more established entrepreneurial companies.

Telefónica Ventures, the main venture unit of Telefónica, was moved into a…

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