Historical Archive Annual Reports

2001 Annual Report

Total customer numbers rose 15% in 2001 with over 9.3 million net additions from the expansion of mobile telephony and from growth in fixed telephone lines in Latin America. Our mobile division closed 2001 with about 30 million customers and Latin America contributed over 21.6 million customers to the Group total.

Furthermore, in 2001 Telefónica, through its mobile subsidiary, and Portugal Telecom agreed to integrate their Brazilian mobile assets, thereby creating the country’s leading mobile telephony operator.

In 2001 the Group made its first incursion into the Mexican market by acquiring Motorola’s cellular assets.