Access to CNMV Open this link on a new page 
(Direct Access to official filings registered by Telefónica S.A.)


According to information provided or known to the Company there is no individual or corporation that directly or indirectly, alone or jointly, exercises, or may exercise control over Telefónica, on the terms established in article 4 of the Securities Markets Act.

There are, however, certain shareholders who hold stakes that may be considered significant, in the sense of Royal Decree 1362/2007, of October 19, who are as follows:

Name of Beneficial Owner % of shares carrying voting rights % of voting rights through financial instruments % of total voting rights
Direct Indirect Direct Indirect
Banco Bilbao Vizcaya Argentaria BBVA (*) 5.16 0.02 0.00 0.00 5.18
CaixaBank, S.A. (**) 4.87 0.01 0.00 0.00 4.88
Blackrock, Inc (***) 0.00 5.03 0.00 0.18 5.21

(*) Based on the information provided by Banco Bilbao Vizcaya Argentaria, S.A. for the 2019 Annual Report on Corporate Governance.

(**) On July 14, 2020, CaixaBank, S.A. notified the CNMV that its shareholding in Telefónica's share capital was 4.88%.

(***) On December 27, 2019, BlackRock, Inc. notified the CNMV that its shareholding in Telefónica's share capital was 5.211%. Likewise, on February 6, 2020 BlackRock, Inc. notified the SEC that its shareholding in Telefónica's share capital was 5.7%.

Additionally, the information regarding the shares of Telefónica, S.A. and the financial instruments owned by the Significant Shareholders of the Company which give them rights to acquire or transfer such shares is available in the public records of the la Comisión Nacional del Mercado de Valores (CNMV), which are publicly available.



According to the information obtained from "Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores" (Securities, Recording, Clearing and Settlement Systems Management Company) (Iberclear), dated on December 31, 2019, the number of shareholders of Telefónica, according to separate records in favour of individuals and corporations, amounted to approximately 1.2 million shareholders.