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.
Telefónica is reportedly considering the sale of its insurance and reinsurance business, Telefónica Seguros, as part of its "Transform & Grow" strategy to streamline its portfolio. Allianz, AXA, Generali, and Zurich are among the potential buyers for the unit, which is valued at around €100 million (US$117 million). Telefónica Seguros provides coverage for technological devices and cybersecurity services, and its divestment is seen as a way to generate additional income for future mergers and acquisitions. Earlier on August 26, Telefónica launched Centrex AI, which extends generative AI capabilities across its business voice services, including mobile lines, fixed-line services, and switchboards. This new offering leverages AI to transcribe calls, create summaries, and provide virtual assistants via standard telephone networks. The ongoing divestment of non-core operations aligns with the company's broader strategic initiatives.
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Telefonica currently holds 65 broadcasting rights for sports competitions including soccer | association football, ice hockey, golf, combat sports, motorsports, rugby league, tennis, baseball, athletics, padel and pickleball, american football, rugby union and basketball.
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