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Telefónica Móviles SA - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Telefónica Móviles, a Telefónica Group company, operates in 15 countries across three continents. As of June 30, 2006, the company provided wireless services through its operating companies and joint ventures to a total of more than 101 million managed customers. Telefónica Móviles has operations in Spain, Mexico, Peru, El Salvador, Guatemala, Venezuela, Colombia, Panama, Nicaragua, Ecuador, Uruguay, Argentina, and Chile and, through its joint venture with Portugal Telecom, it also provides wireless communications services in Brazil. Telefónica Móviles also operates in Morocco, where it has a 32.18% interest in Medi Telecom. As of June 30, 2006, Telefónica SA, either directly or indirectly through its subsidiary, Telefónica Internacional SA (TISA), owned 92.46% of Telefónica Móviles. The remaining 7.54% of capital stock was held by minority shareholders. (Telefónica Móviles’ parent company, Telefónica SA, is covered in detail in a separate profile as part of ITI's Network Operators Worldwide (NOW) service. Telefónica Móviles’ Brazilian joint-venture company, Brasilcel (VIVO), is also covered in detail in a separate profile.)
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