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Telefonica Del Peru S A A Biography & Facts

Telefónica, S.A. (Spanish pronunciation: [teleˈfonika]) is a Spanish multinational telecommunications company headquartered in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadband, and subscription television, operating in Europe and the Americas. As well as the Telefónica brand, it also trades as Movistar, O2, and Vivo. The company is a component of the Euro Stoxx 50 stock market index. History The company was created in Madrid in 1924 as Compañía Telefónica Nacional de España (CTNE) with ITT as one of its major shareholders. In 1945, the state acquired by law a share of 79.6% of the company. This stake was diluted by a capital increase in 1967. Until the liberalization of the telecom market in 1997, Telefónica was the only telephone operator in Spain. It still holds a dominant position (over 75% in 2000). Nowadays, Telefónica is present in more than 20 countries around Europe and America. In 2023, Saudi Arabia's STC Group became Telefónica's largest shareholder, building a stake worth 2.1 billion euros ($2.23 billion) through shares and convertible financial instruments. In December 2023, the Spanish government announced plans to acquire a stake of up to 10% in Telefónica worth $2.2 billion through the state holding company SEPI. Ownership Telefónica 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. Because Telefónica is considered a defence service provider and a strategic company, the Spanish government has a say in acquisitions and holdings between 5% and 10%. The five major stockholders include: BlackRock: 6.702% Banco Bilbao Vizcaya Argentaria (BBVA): 4.87% Société Générale: 5.774% CaixaBank: 3.5% Norges Bank: 1.355% STC Group: 4.9% Current operations Europe Austria In May 2022, Telefonica announced the acquisition of the European cloud-based services specialist and cloud Microsoft Dynamics partner BE-terna. The deal worth €350 million includes 1,000 staff, AI, extended service capabilities across Europe and a cybersecurity services division.The deal aimed to see Telefonica to increase its geographic scale and aid to its digital capabilities. Spain Telefónica is the second largest corporation in Spain, behind the Santander Group. It operates under the movistar and O2 brands with the first being the largest broadband and phone (both mobile and landlines) provider in Spain. Telefónica's FTTH network in Spain is the most extensive fibre-to-home network in Europe, as of April 2016, and the shut down plan for the legacy copper network is already in progress. Germany Telefónica was the parent of Telefónica Deutschland, which held two alternative IP carriers. The two ISPs, mediaWays and HighwayOne merged in January 2003 after having been purchased by Telefónica in 2001 and February 2002 respectively. On 26 January 2006 Telefónica completed its £17.7 billion (€25.7 billion) acquisition of the UK-based operator O2 which also provided mobile phone services in Germany under the O2 brand. Following the purchase, Telefónica merged Telefónica Deutschland and O2 Germany to form the current business Telefónica Germany. Telefónica Germany, purchased competitor E-Plus on 1 October 2014. As part of the purchase, Telefónica reduced its stake in its subsidiary to 62.1%. Integration continues as of August 2015, but the now merged network is Germany's largest in customers. United Kingdom On 31 October 2005, O2 agreed to be taken over by Telefónica, with a cash offer of £17.7 billion, or £2 per share. According to the merger announcement, O2, which provided mobile phone services in the UK, Ireland, Germany and the Isle of Man (uniquely to the O2 group Manx Telecom also offered fixed-line services), retained its name and continued to be based in the United Kingdom, keeping both the brand and the management team. The merger became unconditional on 23 January 2006 and O2 became a wholly owned subsidiary of Telefónica. Manx Telecom was sold by Telefónica Europe in June 2010. In January 2015, Li Ka-shing entered into talks with Telefónica to buy O2 for around £10.25 billion, aiming to merge it with his subsidiary Three. The acquisition was officially blocked by the European Commission on 11 May 2016, which argued that the merger would reduce consumer choice and lead to a higher cost of services Telefónica began to seek a stock market flotation of the business instead. Announced on 7 May 2020, Liberty Global owner of Virgin Media and Telefónica owner of O2, have agreed to merge their U.K. businesses in a deal worth £31bn and form one of the UK's largest entertainment and telecommunication companies to rival the BT Group. As of the 1 June 2021, Virgin Media and O2 UK Ltd officially merged to form Virgin Media O2, giving Telefónica a 50% stake in the new company, with the other 50% owned by Liberty Global. France In France, since 2011, Telefónica has a joint venture with the French telecommunications company Bouygues Telecom, part of the Bouygues group, to offer global telecommunication services packages to multinational companies. This cooperation was expanded in June 2015 through the creation of a separate joint venture company named Telefónica Global Solutions France, with its own marketing and sales teams offering Telefónica and Bouygues Telecom services packages to corporations. Americas Telefónica operates the Movistar mobile phone brand throughout Latin America and the Vivo in Brazil. In Mexico it occupies a distant second place and it is the largest in Chile, Venezuela, Brazil, and Peru. Telefónica plans to divest the majority of its Latin American business in order to focus on the core markets UK, Spain, Germany and Brazil and add €2 billion in revenue with this programme. Argentina Telefónica owns Telefónica de Argentina which is the largest fixed-line operator in the country. It provides broadband, local and long-distance telephone services in southern part of the country as well as the Greater Buenos Aires area. The Telefónica Group has been in the country since 1990. The mobile business is run by Telefónica Móviles through Movistar, a local subsidiary. Brazil Telefónica's largest fixed-line operation in South America is in Brazil, where it provides broadband, local and long-distance telephone services in the aforementioned state, which alone represents the highest GDP of South America. It also owns a majority stake in the Brazilian mobile operator Vivo, having agreed on 28 July 2010 to buy Portugal Telecom's stake in the firm for €7.5 billion, after increasing its original offer by €1.8 billion over three months of incident-rich negotiations. The Telefónica group has been in the country since 1996 when it acquired CRT, a fixed-line and mo.... Discover the Telefonica Del Peru S A A popular books. Find the top 100 most popular Telefonica Del Peru S A A books.