Historical Archive Annual Reports

2003 Annual Report

At 2003, Telefónica has the trust of one hundred million customers, which consolidates it as one of the major telecommunications operators in the world.

As to the countries, its main market continues to be Spain where, at the end of 2003 it had 41 million customers, although 33.3 % of the revenue of the Group is generated in Latin America where, also in December 2003, it had 57.8 million customers. About 62% of its customers are from the Spanish speaking market and 36% from the Portuguese speaking market.