r social networking site Tuenti, Internet telephony provider Jajah, Internet portal Terra and other businesses will all be included in the new Telefonica Digital unit. The creation of Telefonica Digital "seeks to take full advantage of the opportunities that the digital world offers with regards to new products, services and the value chain," Telefonica said in a statement. Telefonica's move comes as the company, like other big telcos, is struggling to offset the loss of revenue from traditional phone calls by pushing strongly into mobile and high-speed data transfer services. These are used by customers to access the Internet from new devices like tablets and smartphones. In another major change, Telefonica's underperforming domestic unit, Telefonica Espana, will be absorbed by its Europe unit. As Telefonica faces rising costs for new equipment supporting these networks, it is also fighting off a comatose economy in Spain, a cash cow during the real estate boom that ended in 2008. Telefonica's Spanish division announced earlier this year it plans to lay off as many as 6,500 employees, or 20% of staff, over coming years to ensure its competitiveness. Telefonica's revenue in Spain, currently one of the slowest-growing economies in the world, fell 6.6% in the second quarter, while revenue in the rest of Europe dropped 3.5% from the second quarter of 2010. Latin AmericHZN.LN), a cash shell backed by entrepreneur Hugh Osmond. Shares in Horizon will resume trading on the London Stock Exchange as APR Energy PLC, the company said. Revenue during August was up 93% on the prior year at $22.8 million, while the group has an order book for 6,935 megawatt-months of energy, compared with 3,611 megawatt-months at the same point in 2010, it added. APR also said it plans to pay an annual dividend, although the majority of profits will be reinvested in growing the company. "Although we have experienced rapid historic growth, to date we have been constrained by a shortage of capital. The cash introduced through our reverse into Horizon, coupled with the access to capital markets and our fast growing cash flows, will enable us to compete across the whole market and accelerate our growth further," APR Chief Executive John Campion said. The company, which focuses largely on emerging mark