Telefonica, also known as Telefônica Brasil S.A., is a publicly owned Spanish multinational telecommunications company headquartered in Spain. Founded in 1924, the company employs approximately 129,510 individuals and reported $44.7 billion in revenue as of 2024. Specializing in telecoms, Telefonica functions as one of the largest telephone operators and mobile network providers globally. It provides fixed and mobile telephony, broadband, and subscription television services, operating across Europe and the Americas. Key brands under Telefonica include Movistar and Telefónica Hispanoamérica.
On April 2, 2026, the German government solidified the exclusion of Chinese manufacturers Huawei and ZTE from its 5G mobile networks until 2029. This roadmap is now binding, following a public law contract signed with Telekom, Vodafone, and Telefónica to replace existing Chinese technology within their 5G infrastructure. This development follows senior leadership changes within Telefónica's B2B operations in Germany, which saw a new head implementing wide-scale adjustments to enhance go-to-market strategies, according to an update spanning February to April 2026. During the same period, Telefónica continued its focus on artificial intelligence, marked by new hires at Vivo and Telefónica Tech, while shareholders approved the appointment of Australian entrepreneur Jane Thompson to the Board of Directors.
Telefonica offers 5 products in the media and telecoms services industry. Telefonica's product portfolio comprises of telecoms and media and TV services.
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Telefonica's revenues were $44.7B in 2024. Caretta Research has split Telefonica's revenue into 5 different product categories, the largest of which is mobile services, which represents 34% of Telefonica's revenue.
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Telefonica currently holds 66 broadcasting rights for sports competitions including baseball, american football, golf, padel and pickleball, soccer | association football, ice hockey, rugby league, rugby union, motorsports, tennis, combat sports, athletics and basketball.
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