Telefónica 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 is one of the world's top telecommunications companies. It is the leading operator in the Spanish and Portuguese speaking markets, with access to more than 550 million potential clients, and the sixth largest operator in the world in terms of market capitalisation. Its activities are centered mainly on the provision of fixed and mobile telephony services, having broadband as a key tool for the development of both businesses. The company has a significant presence in 19 countries and has operations in approximately 40. Telefónica has a strong presence in Latin America, where it operates in 13 countries, with Brazil, Mexico, Argentina, Chile and Peru being the most relevant markets. In Latin America, which stands as the company's 'natural market', Telefónica enjoys a clear leadership and concentrates its growth strategy. Telefónica is a 100% public company, with almost 1.7 million direct shareholders. As of June 2006, its share capital comprised 4,955,891,361 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Paris, Frankfurt, Tokyo, New York, Lima, Buenos Aires, São Paulo and the IRS system in London. Almost 20 subsidiaries of the Telefónica Group are quoted. At April 12, 2006, beneficial owners of 5% or more of Telefónica's voting stock were as follows: Banco Bilbao Vizcaya Argentaria SA (BBVA) (6.632%); Caja de Ahorros y Pensiones de Barcelona (la Caixa) (5.090%); Chase Nominees LTD (CNMV) (9.904%); and State Street Bank & Trust Co (7.616%). This Company Intelligence Report was produced as part of
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