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Telefónica S.A.

Company Detail

Description

Spanish Telefónica S.A. is telecommunications group focused on providing fixed and mobile telephony, broadband, Internet, data, pay television and other digital services to 322 million clientes worldwide. In Latin America, Telefónica is present in Brazil, Argentina, Chile, Uruguay, Perú, Ecuador, Venezuela, Colombia, México, Guatemala, Panamá, El Salvador, Costa Rica and Nicaragua. Its non-Latin American operations are conducted in Spain, UK and Germany. The company's main brands are Movistar, for Spain and Latin America (except Brazil); Vivo, in Brazil, and O2, for Germany. On May, 2015, the telco giant completed the acquisition of Brazilian fixed carrier GVT from Vivendi, after getting a nod from Telefonica Brasil's general assembly. The move strengthens Telefonica in the Brazilian market where there are fewer new users and increasing demand for fixed broadband and wireless data services. As part of the deal, Vivendi was given an 8.3% stake in Telecom Italia by Telefónica. Operational profit for 2015 totalled US$3.2 billion. Telefónica was incorporated in 1924 and is headquartered in Madrid, Spain. Normal 0

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