Telefónica
Spanish multinational telecommunications company
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2025 | Marc Murtra is scheduled to become Chairperson of Telefónica, succeeding José María Álvarez-Pallete |
January 29 2025 | Telefónica hired investment bank JPMorgan to evaluate a potential sale of its Argentina business. |
2023 | Saudi Arabia's STC Group became Telefónica's largest shareholder, acquiring a stake worth 2.1 billion euros through shares and convertible financial instruments. |
December 2023 | The Spanish government announced plans to acquire up to a 10% stake in Telefónica worth $2.2 billion through the state holding company SEPI. |
May 2022 | Telefónica acquired BE-terna, a European cloud-based services specialist and Microsoft Dynamics partner, for €350 million. The acquisition included 1,000 staff, AI capabilities, extended service capabilities across Europe, and a cybersecurity services division, aimed at expanding Telefónica's geographic scale and digital capabilities. |
June 1 2021 | Virgin Media and O2 UK Ltd officially merged to form Virgin Media O2, with Telefónica holding a 50% stake and Liberty Global owning the other 50%. |
May 7 2020 | Liberty Global (Virgin Media) and Telefónica (O2) agreed to merge their UK businesses in a £31bn deal to form a major entertainment and telecommunications company. |
August 2019 | Millicom completed the transaction to acquire Telefónica's operations in Panama, Costa Rica, and Nicaragua. |
February 2019 | Millicom announced the purchase of Telefónica's operations in Panama, Costa Rica, and Nicaragua for US$1,650 Million. |
January 24 2019 | América Móvil announced plans to acquire Telefónica's Guatemalan operations for US$333 million. |
2018 | Telefónica and China Unicom established a new partnership to combine their services and networks in the Internet of Things (IoT), enabling clients to deploy IoT products and services across China, Europe, and Latin America using a single global IoT SIM card. |
2017 | Telefónica launched OnLife Networks, a strategic initiative aimed at driving innovation within the company and transforming its technological approach. |
September 2017 | Nokia and Telefónica signed an agreement to evaluate technologies for efficient network evolution to 5G, aligning with Telefónica's business objectives. |
August 2017 | The brand license agreement for O2 was extended to 2022, with a potential additional 5-year extension to 2027 available. |
2016 | José María Álvarez-Pallete becomes Chairperson of Telefónica, starting a tenure that is set to last until 2025 |
May 11 2016 | The European Commission officially blocked the proposed acquisition of O2 by Li Ka-shing, arguing the merger would reduce consumer choice and increase service costs. |
2015 | Telefónica launched LTE (4G) mobile network in Panama, with initial coverage in Panama City, Arraijan, Chorrera, and extending to Buenaventura Beach. |
June 2015 | Telefónica sold its shares in Telecom Italia to Vivendi as part of the sale of Global Village Telecom (GVT). |
June 2015 | Created a separate joint venture company named Telefónica Global Solutions France, with dedicated marketing and sales teams to offer service packages from both Telefónica and Bouygues Telecom to corporate clients. |
March 2015 | O2 was merged into Hutchison Whampoa's subsidiary Three Ireland, completing the acquisition process initiated in 2013. |
January 2015 | Li Ka-shing entered into talks with Telefónica to buy O2 for around £10.25 billion, with the intention of merging it with his subsidiary Three. |
2014 | Telefónica, through Movistar, became the title sponsor of Yamaha Motor Racing in MotoGP, a sponsorship that would continue until 2018. |
October 1 2014 | Telefónica purchased competitor E-Plus in Germany, reducing its stake in the subsidiary to 62.1%. |
September 2014 | Telefónica confirmed its intention to sell its shares in Telecom Italia following the purchase of Global Village Telecom (GVT) in Brazil from Vivendi. |
2013 | Telefónica announced it would sell its stake in the company to PPF. |
June 24 2013 | Telefónica announced the sale of its O2 Ireland mobile business to Hutchison Whampoa's subsidiary 3 for at least €780 million ($1 billion) in cash. |
April 15 2012 | Telefónica shut down TVA and Ajacto telecommunications brands, unifying them under the Vivo brand in Brazil. |
2011 | The company was renamed to O2 Czech Republic. |
2011 | Telefónica's Wayra subsidiary was first launched in Latin America and Spain to provide seed investment and mentoring to new technology startups. |
2011 | Telefónica established a joint venture with Bouygues Telecom in France to offer global telecommunication services packages to multinational companies. |
2011 | Telefónica began sponsoring the Movistar Team, a Spanish UCI ProTour professional cycling team, marking their entry into cycling team sponsorship. |
2011 | Telefónica began operations in Costa Rica under its Movistar branding. |
2011 | Telefónica maintained its commitment to sailing by sponsoring a team in the 2011-12 Volvo Ocean Race. |
2011 | After the partnership completion, Telefónica acquired a 9.7% stake in China Unicom, while China Unicom obtained a 1.4% stake in Telefónica. |
May 12 2011 | Telefónica signed a 15-year contract (with potential 10-year extension) with the government of Costa Rica to operate telecommunications services. |
January 2011 | Telefónica and China Unicom agreed to a further $500 million tie-up, expanding their previous partnership. |
January 2011 | Telefónica began operating in the Peruvian market under the Movistar brand, solidifying its mobile telecommunications presence in the country. |
July 28 2010 | Telefónica agreed to buy Portugal Telecom's stake in Vivo for €7.5 billion, increasing its original offer by €1.8 billion after months of negotiations. |
July 24 2010 | Telefónica announced that its Speedy broadband service had exceeded three million subscribers. |
June 2010 | Telefónica Europe sold Manx Telecom. |
February 2010 | Telefónica CEO Cesar Alierta publicly stated the company's intention to charge Google and other search engines for network usage during a meeting in Bilbao, Spain, arguing that these companies were benefiting from their network without contributing to expenses. |
This contents of the box above is based on material from the Wikipedia article Telefónica, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.