Telefonica, a publicly owned company headquartered in Spain, was founded in 1924 and operates with approximately 129,510 employees. It reported $39.7B in revenue as of 2025. Functioning as a Spanish multinational telecommunications company, Telefonica provides fixed and mobile telephony, broadband, and subscription television services, operating across Europe and the Americas. Its brands include Movistar and Telefónica Hispanoamérica.
On October 9, Telefónica’s corporate venture capital arm Wayra held its Investors Day at Espacio Fundación Telefónica, gathering 250 investors, startups, and corporations to foster strategic connections and explore innovation trends for Europe. Also on October 9, Telefónica and KKR decided to put their Chilean neutral wholesale fiber optic company, OnNet Fibra, up for sale, reportedly seeking up to 1.5 billion or EUR 1.8 billion. KKR holds a 60% stake in OnNet Fibra, with Telefónica owning the remaining 40% of the company, which provides service to most Chilean telecommunications operators and covers 5.2 million homes. Earlier in October, Telefónica's Movistar Prosegur Alarmas joint venture with Prosegur surpassed 650,000 connections in the Spanish market. The company achieved a 30 percent customer base expansion over the past two years since its March 2020 launch. Previously, on October 3, Telefónica collaborated with the Reina Sofía School of Music for a participatory concert at Madrid’s Teatro Monumental. The event integrated artificial intelligence and connectivity with a rendition of Brahms’ Symphony No. to explore new ways of connecting music, technology, and people.
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Telefonica currently holds 65 broadcasting rights for sports competitions including rugby union, baseball, rugby league, athletics, american football, soccer | association football, ice hockey, tennis, motorsports, golf, padel and pickleball, combat sports and basketball.
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