Telefónica is a Spanish multinational telecom group headquartered in Madrid, providing connectivity and digital solutions to consumers, enterprises, and public institutions.

Scale: Listed IBEX 35 company with a €20-25bn market cap, tens of €bn revenues and EBITDA, serving hundreds of millions of customers across Europe and Latin America.

Core activities include fixed and mobile telecom, broadband, data, pay-TV, and digital services, reflecting its evolution into a technology-driven platform.

Strong footprint in Europe and Latin America, with Spain and Germany as core European markets.

Increasing focus on infrastructure platforms (fibre, subsea cables, data centres) and partnerships with financial investors.

M&A / financial relationships: Active portfolio management (acquisitions, divestments, JVs), with regular engagement with investment banks and infrastructure funds to structure transactions and co-investment platforms.