Euro multimedia titan Villalonga tipped to quit

By 2000-07-26T00:42:00

Juan Villalonga, the embattled chief of telecoms and entertainment giant Telefonica, has reportedly stepped down after a little more than four years at the helm of Spain's largest corporation. His resignation comes less than 48 hours after Telefonica won shareholder support for its purchase of Dutch entertainment force Endemol.

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