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Telefónica S.A. Template:NYSE Template:Tyo is the former national telephone network operator (telco) in Spain.
Telefónica is the largest corporation in Spain and has a large presence in Latin America. It owns Telefónica de España, the largest fixed phone and ADSL operator in Spain, Telefónica Moviles (under the movistar brand name), the largest mobile phone operator in Spain and Terra Networks, S.A., an Internet subsidiary, Telefónica Publicidad e Información, S.A. (TPI), the publisher of the Spanish Yellow Pages edition, etc.
Telefónica operates movistar, the second-largest mobile phone operator in Mexico and the first largest in Chile, and is currently engaged in a strong price war against number one operator Telcel.
The company also operates wireless phone services in many Latin American countries, under the movistar brand name, and owns 50% of Brazilian wireless operator Vivo.
In 2005, Telefonica bought Český Telecom, Czech phone operator (with de-facto monopoly on land lines). Telefónica S.A Owns CTC (http://www.telefonicactc.cl/) (Compañia de Telefonos de Chile) is the bigger phone operator and ISP (http://www.tie.cl/) in the Country.
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Privatization
It was the only operator in Spain, being a monopoly, until 1997, when the government retired his total control over the corporation and Telefonica became a private company. Since then, the company has fought against the new operators in the country.
Due to its large market share (over 75% in 2004), Telefonica is still considered a de-facto monopoly in fixed telephony in Spain.
Ownership
- JPMorgan Chase: 7%
- Banco Bilbao Vizcaya Argentaria, S.A. (BBVA): 6.09%
- Caja de Ahorros y Pensiones de Barcelona ("la Caixa"): 5.38%
External links
- Official company website (http://www.telefonica.es/)
Data
- Yahoo! - Telefónica, SA Company Profile (http://biz.yahoo.com/ic/41/41846.html)es:Telefónica, S.A.