Telefonica, also known as Telefônica Brasil S.A., is a publicly owned company headquartered in Spain. Founded in 1924, the company operates with approximately 129,510 employees and reported $44.7B in revenue as of 2024. As a multinational telecommunications company, it functions as a major telephone operator and mobile network provider. 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 February 13, 2026, Luxembourg-based telecoms group Millicom and Paris-headquartered holding company NJJ, both owned by French billionaire Xavier Niel, acquired Telefónica’s Chilean operations for US$1.2 billion. Earlier on the same day, Telefónica announced a collaboration with Nokia to explore advanced Agentic AI methods. This initiative aims to accelerate the adoption of Network APIs, with both companies actively participating in the GSMA Open Gateway Initiative, which promotes open and interoperable Network APIs to support innovation across the telecommunications industry.
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 american football, ice hockey, athletics, baseball, soccer | association football, basketball, rugby union, combat sports, rugby league, padel and pickleball, motorsports, tennis and golf.
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