Telefonica (NYSE:TEF), the world's third-largest wireless carrier, plans to significantly reduce...

Telefonica (NYSE:TEF), the world's third-largest wireless carrier, plans to significantly reduce the number of phone models it carries, with the goal of gaining pricing leverage over phone vendors. Should other major carriers adopt a similar strategy, it could prove a serious problem for vendors with weaker hands to play, such as NOK, RIMM, SNE, and LG. (also)