A leading company, with strong foundations, delivering sustainable shareholder value
Strong position in high-quality core markets, our heritage and potential
Telefónica España is the leading company in the domestic market in new generation network infrastructures (FTTH and 5G) with an excellent positioning in all market segments. Leader in service quality, with growing revenues, profitability, and benchmark cash generation margin in Europe.
Telefónica Brasil is the absolute leader among Brazilian telcos, with clear dominance in the most valuable segments, including mobile contracts and FTTH broadband. The company maintains a resilient revenue base and continues to optimize costs through digitalization and efficiency initiatives that drive strong cash generation. We are focusing on new revenue streams and accelerating the expansion of FTTH and 5G.
Telefónica Deutschland is a key player in the German market, providing high-quality mobile connectivity with a strong 5G footprint. The company continues to enhance its competitive position through network excellence, commercial momentum and operational efficiencies.
VMO2 is a leading operator in the UK, providing a strong combination of mobile and fixed broadband services. The company continues to expand its fibre network and invest in next-generation connectivity while leveraging efficiencies to drive profitability and cash flow.
Scaled customer relevance, world-class infrastructure, improved efficiency
- Increasing customer satisfaction (strong NPS of 33 over total 349m customer base)
- Expanding networks: global leader in fibre with 171.6m UBB PP (of these 81.4m are FTTH), 77% 5G coverage in core markets, Spain copper switch-off completed
- Automation of processes and new network architecture
- Green, accessible & trustworthy connectivity, responsible digitalization embedded in our business
Consistent execution on our transversal units
Telefónica Tech is a leading next generation IT solutions provider (Cybersecurity & Cloud, IoT & Big Data) with differential delivery capabilities leveraged on its best-in class portfolio, global presence, >7k highly skilled professionals, a Digital Operations Centre and a Global Network of Security Operations Centres. Telefónica Tech is the crucial B2B growth engine.
Telefónica Infra support our operators to improve their competitive position by creating JVs together with financial partners to address the growing demand for quality, secure and reliable connectivity, within a framework of efficient capital allocation and value creation.
Accelerating portfolio transformation in Hispam
- Sale of Telefónica Argentina and Telefónica Peru
- Binding agreements for the sale of Telefónica Colombia, Telefónica Uruguay and Telefónica Ecuador
Solid balance sheet, attractive dividend, efficient capital allocation and FCF generation focus
- On track to meet 2025 Guidance and 2025 dividend reiterated
- Strategic review to conclude in H2 25
- Disciplined industrial rational and financial flexibility
Four fundamental principles guiding our transformation:
- Customers at the core of everything we do
- Technology & operational excellence key for our business
- Disciplined industrial rational
- Value creation for all stakeholders
All under strict financial discipline, prioritising Europe and leadership in Brasil
Figures as of June 2025