Telefónica

Telefónica, S.A. is a Spanish telecommunication company that operates globally.

It is one of the largest fixed-line and mobile telecommunications companies in the world.

Until the liberalisation of the telecom market in 1997, Telefónica was the only telephone operator in Spain and still holds a dominant position (over 75% in 2004). The Spanish government has privatised its interest in the company.

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