Telefónica, S.A. is a Spanish broadband and telecommunications provider in Europe and Latin America. Operating globally, it is the third largest provider in the world. The company is the former public monopoly of telecommunications in Spain. Created in 1924, as Compañía Telefónica Nacional de España , until the liberalisation of the telecom market in 1997, Telefónica was the only telephone operator in Spain and still holds a dominant position . Since 1997, the Spanish government has privatised its interest in the company. In 2005, Telefónica bought... Český Telecom , the former state-owned Czech phone operator which still dominates the Czech fixed-line market. As part of this deal Telefónica also gained its 100% subsidiary Eurotel, one of three mobile phone operators in the Czech Republic. Starting July 1, 2006, both companies were merged into one legal entity and renamed Telefónica Czech Republic. On 26 January 2006 Telefónica completed its £17.
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| Founded: | 1924 |
| Headquarters: | Madrid, Spain |
| Legal structure: | Publicly listed company, Corporation |
| Annual revenue: | $77,254,000,000 |
| Net income: | €8,906,000,000 |
| Operating income: | $12,190,000,000 |
| Employees: | 248,487 |
| Industries: | Telecommunications, Provider (Operator), Fixed Network Operator, Wired Telecommunications Carriers, Telephone Communications, Except Radiotelephone |