Historical Archive Annual Reports
2012 Annual Report
- In 2012 we undertook a profound transformation of our commercial model, changing our offering from a subsidyfocused model to a more sustainable approach based on distinctive quality and offerings
- We made significant efforts to streamline processes and simplify our product base, a measure that is already generating sizeable savings and raising efficiency levels
- We optimized our investment management model, reallocating resources to the highest growth activities. From that perspective, in 2012 we decided to share networks and coinvest in some countries
- We recovered our financial flexibility reducing debt significantly. Telefónica scaled down its debt more than any other telecoms operator worldwide.
- Letter from the ChairmanPDF | 66 KB
- Significant DataPDF | 8 MB
- Board of DirectorsPDF | 324 KB
- Group StructurePDF | 8 MB
- Results January-December 2012PDF | 733 KB
- Responsability and Sustainability ReportPDF | 11 MB
- Financial report 2012PDF | 6 MB
- Annual report on Corporate GovernancePDF | 7 MB
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