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Telefonica replaces president with former Indra Group head Marc Murtra, amid increasing shareholder pressure Diego Urdaneta, AFP Updated January 20, 2025 at 6:40 AM
With his brother, Javier, he co-founded Escribano Mechanical & Engineering (EM&E) in 1989. [3] [2] Initially starting as a small machining workshop in Coslada, Madrid, EM&E evolved under Ángel and Javier's leadership into a significant player in the Spanish defence and security industry. [4]
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.
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 .
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.
In July 2002, he was appointed Executive Chairman of Telefonica International S.A., [4] in July 2006, Managing Director of Latin America Telefonica, [5] and in March 2009, President of Latin America Telefonica. [6]
"A principios de 1997 el Gobierno toma la decisión de vender el paquete de acciones que el Estado poseía aún en Telefónica y que equivalía al 20,9% del capital. This says that starting 1997, the Spanish Gov, sold the 20,9% of Telefónica (all their participation).
Telefônica Brasil, trading as Vivo, [3] is a Brazilian telecommunications group, subsidiary of Spanish Telefónica.. It was originally formed as part of Telebrás, the state-owned telecom monopoly at the time.