Telefónica is a publicly owned Spanish multinational telecommunications company founded in 1924 and headquartered in Madrid. Employing approximately 129,510 people, the company operates across Europe and the Americas, providing fixed and mobile telephony, broadband internet access, and subscription television services. Telefónica's annual revenue exceeds $1 billion (as of 2024). It is a major player in the global telecommunications market, with brands such as Movistar and Telefónica Hispanoamérica. A subsidiary, Telefónica Brasil S.A., also operates within the company's structure.
In February 2025, Telefónica announced the sale of its Argentinian unit to Telecom Argentina for $1.245 billion, citing a strategy to reduce Latin American exposure. This prompted President Javier Milei's government to pledge to prevent a monopoly. On Friday, March 21, 2025, Argentina's presidential office issued a preventive measure suspending the acquisition, citing concerns about excessive market concentration and potential monopolization. The government's action suspends the effects of the purchase.
Telefónica offers 5 products in the media and telecoms services industry. Telefónica's product portfolio comprises of pay TV services, telecoms and streaming services.
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Telefónica's revenues were $43.4B in 2024. Caretta Research has split Telefónica's revenue into 7 different product categories, the largest of which is enterprise broadband and voice, which represents 37% of Telefónica's revenue.
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Telefónica currently holds 57 broadcasting rights for sports competitions including ice hockey, basketball, padel and pickleball, athletics, rugby league, baseball, golf, soccer | association football, rugby union, tennis, motorsports and american football.
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