Telefonica, also known as Telefônica Brasil S.A., is a publicly owned telecommunications company headquartered in Spain. Founded in 1924, it employs approximately 129,510 individuals and reported $44.7B in revenue as of 2024. The company functions as a major telephone operator and mobile network provider, specializing in providing fixed and mobile telephony, broadband, and subscription television services. Telefonica operates across Europe and the Americas, with its brands including Movistar and Telefónica Hispanoamérica.
On February 20, 2026, Telefonica teamed with healthcare R&D organization Fundacion Vithas and Francisco de Vitoria University on a project utilizing quantum computing to aid in the creation of cancer drugs, with discussions planned for MWC26 Barcelona. This initiative aims to generate new molecules capable of inhibiting the BRAF V600E mutation, a key factor in the uncontrolled growth of certain cancer cells, by combining conventional artificial intelligence with quantum computing techniques to accelerate drug discovery. Earlier on February 20, Telefónica Tech, the company’s digital business unit, announced it expanded its strategic partnership with CrowdStrike to deliver CrowdStrike Falcon Next-Gen SIEM technology within its NextDefense XDR managed security service. This service enables Telefónica Tech to detect and respond to customer threats across endpoint, identity, cloud, and data environments from its global Security Operations Centers. Also on February 20, Telefonica, alongside private equity firm InfraVia Capital Partners and Liberty Global, agreed to acquire Substantial Group, the parent company of U.K.-based wholesale full fiber operator Netomnia, through their joint venture company Nexfibre. The acquisition, from DigitalBridge and other shareholders, represents an Enterprise Value of approximately $2.7 billion.
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 combat sports, rugby union, athletics, padel and pickleball, baseball, soccer | association football, golf, ice hockey, rugby league, basketball, motorsports, tennis and american football.
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