Historical Archive Annual Reports

2004 Annual Report

Telefónica has in 2014 reached operations in 18 countries and extended its presence to over 40 more, distributed throughout three continents.

The year 2004 has been a “record” year for Telefónica, not only in terms of operational results but also due to the positioning, size and magnitudes achieved by the Group and by its new scale and profile of leadership and future growth, achieved following the purchase of Bell South mobile operators in Latin America.

Telefónica is also the technological leader in its sector. In 2004, it channeled almost 2.4 billion euros into technological innovation activities in R&D&I, distributed evenly between Spain and Latin America.

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