Telefónica is one of the biggest drivers of the digital economy in the country, with revenues of 5.36 billion pesos
in 2020.
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 266 municipalities with fixed broadband, 965 with mobile telephony - in all it offers 4G
LTE technology (425 with own network and 540 with RAN). It also offers fixed telephony in 748 municipalities.
Telefónica closed december of 2020 with a customer base of 19,4 million: 16,3 million mobile lines, 1,2 million
broadband customers, 527 thousand digital satellite TV and 1,4 million fixed lines in service.
Our Matrix
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.
Control Situation and Group Corporate
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