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Spanish telecommunications giant Telefonica Saturday said it had replaced its president in a surprise move driven by pressure from major shareholders. An emergency meeting of the company's board ...
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. [9] 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 ...
In 2021, Telefonica agreed to sell the European and Latin American tower divisions of Telxius to American Tower, comprising approximately 31,000 communications sites, for $9.6 billion. The sold sites were located in Spain, Germany, Argentina, Brazil, Chile, and Peru.
Part of the Telefónica Group (the former Spanish public telephone monopoly), Terra operated as a web portal or Internet access provider in the United States, Spain and 16 Latin American countries. It was founded in 1999 as Terra Networks, S.A., a publicly traded company with Telefónica as its main shareholder.
The COVID-19 pandemic saw lower income populations around the world disproportionately affected in terms of financial impact while the amount of household wealth owned by the ultra-rich grew ...
Telefonica's battle to acquire a controlling stake in Brazil's leading mobile phone company, Vivo, has reached a resolution, with the Spanish telecom giant ponying up nearly $9.75 billion to ...
2020 – ECOFIN prize for "Financiero del Año" [33] 2020 – "Lider Empresarial Impulsor del Marketing" by the Spanish Marketing Association [34] 2022 – He received the award "Mejor Empresario del Año" from Actualidad Económica, economic supplement of El Mundo. [35] 2023 – Doctor "Honoris Causa" by the CEU San Pablo University. [36]
Movistar (Spanish pronunciation: [moβisˈtaɾ]) is a major telecommunications provider owned by Telefónica, operating in Spain and Hispanic American countries. [1] It is the largest provider of landline, broadband, mobile services, and pay television (Movistar Plus+) in Spain. [2]