Telefonica, a telecom company based out of Spain, is one of the leading provider of telecommunication and mobile services.
The company has a strong expertise in mobile services, landline, internet services and digital TV services, having more than 120,000 employees in the organization. Telefonica’s strong global presence can be understood from the fact that it has a present on over 20 countries.
The company has a very sound financial backing and is present on the Euro Stoxx 50 stock market, which shows its strong financial position. The company is actively involved in sponsorship activities which has helped the brand reach out to many customers worldwide. The major sponsorships done by the company are sports events like football, rugby, cycling, motorsports etc.
Some of the important subsidiaries of Telefonica are as mentioned below:
1) Telefónica España
2) Telefónica Germany
3) Telefónica Hispanoamérica
4) Telefónica Brasil
5) Telefónica UK
Despite its robust and efficient operations, the company has been alleged to misuse its position as it has a huge monopoly in Europe. Telefonica has made significant investments and collaborations which have strengthened its market position and brand awareness.