Telefónica is one of the biggest drivers of the digital economy in the country, with revenues of 5.7 billion pesos in 2019.

The activity of the company, which operates under the Movistar brand, is mainly focused on mobile telephony and connectivity, broadband services, home fiber optic, satellite television, fixed telephony and the offer of digital solutions for small, medium and large companies and corporations.

Telefónica is present in 245 municipalities with fixed broadband, 953 with mobile telephony - in all it offers 4G LTE technology (422 with own network and 531 with RAN). It also offers fixed telephony in 748 municipalities.

Telefónica closed june of 2020 with a customer base of 18,8 million: 15,6 million mobile lines, 1,2 million broadband customers, 529 thousand digital satellite TV and 1,5 million fixed lines in service.

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Telefónica is one of the world's leading telecommunications service providers. It offers fixed and mobile connectivity services, as well as a wide range of digital services for individuals and companies. The company is present in Europe and Latin America, where it has more than 337 million accesses. Telefónica is a totally private company whose shares are listed on the continuous market of the Spanish stock exchanges and on the New York and Lima stock exchanges.

Telefónica has been present in Colombia since 2004. It began activities in the mobile telephony market, after the acquisition of Bellsouth's cellular operation in the country. Later, in 2006, Telefónica entered the fixed telephone market by acquiring a controlling stake in Colombia Telecomunicaciones S.A. ESP, corresponding to 52% of the Company's capital.

Subsequently, and within the framework of capitalization and corporate reorganization processes, Telefónica increased its stake in the Company to 67.5% and consolidated it through Telefónica Hispanoamérica, S.L., a company also part of the Telefónica Group.