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Telefónica, S.A. (Spanish pronunciation: [teleˈfonika]) is a Spanish multinational telecommunications company with registered office and headquarters located in two different places, both in Madrid, Spain. [3]
The company was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized. Telefónica bought Telesp, the São Paulo division, and rebranded it to Telefónica.
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Telefonica (TEF) continues to revamp its organizational structure with the creation of Strategy and Development department. The unit will amalgamate corporate strategy, M&A, and digital capabilities.
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Diagonal Zero Zero is an example of high-tech architecture. Its structure, designed by EMBA and calculated by the engineering firm MC2-Julio Martínez Calzón, was erected in eight months, working in three shifts a day, seven days a week. For a few months there were over 450 workers operating simultaneously on-site.
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