Historical Archive Annual Reports

2014 Integrated Report

• The organic growth of our revenue reached 2.6% in 2014, triple that registered in 2013.
• Telefónica’s 4G coverage rose to 60% in Europe, and the service is available in 10 countries in Latin America.
• In 2014, we invested 16% of our revenue, the highest amount recorded in Telefónica’s recent history.
• In little more than two years, the Compay reduced its debt by more than 13,000 million euros.