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Telefónica

Telefónica S.A.
Sociedad Anónima
Traded as BMADTEF
TEF

TEF
: TEF
Predecessor Compañía Telefónica Nacional de España (CTNE)
Founded 19 April 1924; 92 years ago (1924-04-19)
Headquarters Madrid, Spain
Area served
Worldwide
Key people
Jose Maria Alvarez-Pallete Lopez
(Chairman and CEO)
Products Fixed line and mobile telephony, Internet services, digital television
Revenue Decrease 50.377 billion (2014)
Decrease € 6.967 billion (2014)
Profit Decrease € 3.252 billion (2014)
Total assets Increase € 122.299 billion (2014)
Total equity Increase € 30.289 billion (2014)
Number of employees
120,497 (2014)
Subsidiaries Telefónica España
Telefónica Germany
Telefónica Hispanoamérica
Telefónica Brasil
Telefónica UK
Terra
Website www.telefonica.com

Telefónica, S.A. (Spanish pronunciation: [teleˈfonika]) is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. The company is a component of the Euro Stoxx 50 .

The company started as a public telecommunications company. Its head office is in the Distrito Telefónica in Madrid. As well as the Telefónica brand, it also trades as O2, Vivo and Movistar.

Created in 1900 as Compañía Telefónica Nacional de España (CTNE), until the liberalisation of the telecom market in 1997, Telefónica was the only telephone operator in Spain and still holds a dominant position (over 75% in 2000). Since 1997, the Spanish government has privatised its interest in the company.

Telefónica is a 100% listed company with more than 1.5 million direct shareholders. Its share capital currently comprises 4.563.996.485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, New York, Lima, and Buenos Aires. The two major stockholders include:

Telefónica was the parent of Telefónica Deutschland, which held two alternative IP carriers. The two ISPs, mediaWays and HighwayOne merged in January 2003 after having been purchased by Telefónica in 2001 and February 2002 respectively.

On 26 January 2006 Telefónica completed its £17.7 billion (€25.7 billion) acquisition of the UK-based operator O2 which also provided mobile phone services in Germany under the O2 brand. Following the purchase, Telefónica merged Telefónica Deutschland and O2 Germany to form the current business Telefónica Germany.


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