Spanish telecoms giant Telefónica is the largest foreign firm operating in Latin America in terms of revenues, according to Latin Trade’s most recent ranking of the Top 40 Foreign Companies in the region. With revenues reaching $27.7 billion in 2015, Telefónica has an almost $7-billion advantage over the ranking’s number two, French retailer Casino. In October this year, Telefónica replaced its CEO for Brazil, now led by Eduardo Navarro de Carvalho. The Brazilian unit is one of Telefonica’s best performers in the region, despite the country’s economic slump and political turmoil. One of the most badly hit companies in this ranking was General Motors. The carmaker posted a -245 percent plunge in profits compared with the previous year. To see […]
Top 40 Foreign Companies in Latin America
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