Description
Telefónica, S.A. is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. The company is a component of the Euro Stoxx 50 stock market index.The company started as a public telecommunications company. Its head office is in the Distrito Telefónica in Madrid. As well as the Telefónica brand, it also trades as O2, Vivo and Movistar.HistoryCreated in 1900 as Compañía Telefónica Nacional de España , until the liberalisation of the telecom market in 1997, Telefónica was the only telephone operator in Spain and still holds a dominant position . Since 1997, the Spanish government has privatised its interest in the company.OwnershipTelefónica is a 100% listed company with more than 1.5 million direct shareholders. Its share capital currently comprises 4.563.996.485 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, New York, Lima, and Buenos Aires. The five major stockholders include:
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