29 Facts About Telefonica

Telefonica, S A is a Spanish multinational telecommunications company headquartered in Madrid, Spain.

Telefonica is a component of the Euro Stoxx 50 stock market index.

In May 2022, Telefonica announced the acquisition of the European cloud-based services specialist and cloud Microsoft Dynamics partner BE-terna.

Telefonica is the second largest corporation in Spain, behind the Santander Group.

Telefonica was the parent of Telefonica Deutschland, which held two alternative IP carriers.

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The acquisition was officially blocked by the European Commission on 11 May 2016, which argued that the merger would reduce consumer choice and lead to a higher cost of services Telefonica began to seek a stock market flotation of the business instead.

In France, since 2011, Telefonica has a joint venture with the French telecommunications company Bouygues Telecom, part of the Bouygues group, to offer global telecommunication services packages to multinational companies.

Telefonica operates the Movistar mobile phone brand throughout Latin America and the Vivo in Brazil.

Telefonica owns Telefonica de Argentina which is the largest fixed-line operator in the country.

The Telefonica group has been in the country since 1996 when it acquired CRT, a fixed-line and mobile operator in the southern part of the country.

On 24 July 2010 Telefonica announced that the number of Speedy subscribers had exceeded three million people.

Telefonica owns Telefonica Chile, formerly CTC which is the biggest fixed-line operator and internet service provider in the country.

On 25 October 2009, Telefonica Chile changed its name to Movistar, including cellphone, landline, satellite TV, and internet.

Telefonica signed a contract for 15 years on 12 May 2011 with the government of Costa Rica.

Telefonica Group has been in the country since 1994 and owns the largest fixed-line operator in the country.

Since January 2011, Telefonica has operated in the market under the Movistar brand.

In late 2004 Telefonica took over the operations of Telcel Bellsouth in Venezuela, the first and largest mobile operator in the South American country at the time.

Telefonica USA operates the KeyCenter™, a data center in Miami built to withstand category 5 hurricanes, from where the company supports Business Continuity and IT services for Enterprise customers in South Florida.

In 2018, China Unicom and Telefonica establish a new partnership to combine their services and networks in the internet of things, so as to enable their clients to deploy IoT products and services in China, Europe and Latin America with a single global IoT SIM card.

In 2005, Telefonica bought Cesky Telecom, the former state-owned Czech phone operator which still dominates the Czech fixed-line market.

In late 2003, Telefonica announced its intention to acquire the entirety of Telco by January 2014, potentially becoming Telecom Italia's largest shareholder.

Subsequently, Telefonica confirmed in September 2014 that it intended to sell its shares in Telecom Italia following the purchase of Global Village Telecom in Brazil from Vivendi.

Telefonica sold its shares in the business to Vivendi as part of the sale of GVT in June 2015.

Telefonica had purchased the Panamanian, Ecuadorian and Guatemalan operations of BellSouth in 2004 for US$1665 Million, followed by a rebranding to Movistar in 2005.

In football, Telefonica is an official sponsor for several national teams such as Spain in Europe, and Brazil, Mexico, Colombia, Peru, or Venezuela in the Americas.

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Telefonica is a supporter of the Hybrid Broadcast Broadband TV initiative that is promoting and establishing an open European standard for hybrid set-top boxes for the reception of broadcast TV and broadband multimedia applications with a single user interface, and has run pilot HbbTV services in Spain.

In September 2017, Nokia and Telefonica signed an agreement in order to evaluate technologies enabling an efficient network evolution to 5G in line with Telefonica's business objectives.

Telefonica has received several fines due to convictions over unfair competition, abuse of its position as dominant provider, and antitrust violations through the Commission of Telecommunications, European Commission, and Spanish tribunals.

In 2017, Telefonica announced the launch of OnLife Networks, intended to infuse innovation into the company.