Telefónica launches electronic health venture as nations squeeze spending on medical care.

The article highlights the views of Álvaro Fernández de Araoz, director of Telefónica's business unit for electronic health monitoring and healthcare, on the company's remote monitoring and telepresence services. Telefónica launched a unit to focus on the demand for electronic health monitoring and healthcare. According to Araoz, the company is working with Intel and Cisco for its electronic health projects. He adds that the company will market its telemedicine services in Europe and Latin America.