Telefónica, S.A. Due Diligence
Run due diligence on Telefónica, S.A.: check compliance and get alerts when suppliers or ownership change.
Spain · owned by Independent (Spain) · www.telefonica.com · 16 vendors
Telefónica, S.A. is a Spanish multinational telecommunications company headquartered in Madrid, Spain, and one of the largest telephone operators and mobile network providers in the world. It operates in Europe and Latin America under brands including Movistar, O2, and Vivo, offering fixed-line, mobile, broadband, and digital services. The company is listed on the Madrid, New York, London, and São Paulo stock exchanges.
Resilience scores
- Digital Sovereignty: 13
- Digital Resilience: 8
- Financial Resilience: 6
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Services catalogue
4 services in catalogue across 2 categories; runs on 16 sub-vendors.
- IoT Solutions
- Telecommunications
- Managed IT services
Insights
Last updated 2026-09-26 · revision 2
16 direct vendors, 177 subvendors
Direct vendors by controlling owner country (sample)
- Australia: 1
- United States: 13
- Spain: 1
Subvendors by controlling owner country (sample)
- Poland: 1
- Italy: 1
- Australia: 1
Compliance
4 in-scope frameworks identified; showing 3.
NIS2 (source) — No public evidence
Evidence: https://www.telefonica.com/es/centro-global-de-transparencia/seguridad/, https://www.telefonica.com/es/nosotros/paises-unidades-emergentes/
GDPR (source) — Evidence found
Evidence: https://www.telefonica.com/es/centro-global-de-transparencia/, https://www.telefonica.com/es/centro-global-de-transparencia/privacidad/, https://www.telefonica.com/es/politica-de-privacidad/
SOC 2 (source) — No public evidence
Evidence: https://www.telefonica.com/es/servicios/empresas/
Financials
Three-year financials
- 2025: revenue €35.12B
- 2024: revenue €40.43B
- 2023: revenue €40.65B, equity €16B
Financial Resilience Score: 6/10
Telefónica demonstrates moderate financial resilience underpinned by its scale, infrastructure leadership, and consistent cash generation. The group serves 326.1 million accesses, operates the world's largest fibre footprint (162.9M premises passed), and generated €5,081M of OpCFaL and €2,069M of free cash flow from continuing operations in 2025. Its four-pillar core market model (Spain, Germany, Brazil, UK JV) diversifies country risk, and adjusted EBITDA grew 2.0% in constant terms in 2025, meeting guidance. However, the group carries substantial net financial debt of €26.8B and reported a sizeable net loss of €4,318M in 2025, driven by restructuring charges, asset impairments, and losses on Hispam divestments. Credit ratings sit near the lower band of investment grade, and the company is undergoing significant strategic repositioning under the new 'Transform & Grow' plan led by Chairman Marc Murtra. Capital discipline is improving, with CapEx/sales at 12.4% (below the 12.5% target) and CapEx down 7.2% YoY. The Spanish business achieved simultaneous growth in revenue, EBITDA and OpCFaL for the first time since 2008, and Telefónica Tech grew revenue 18.9% to €2,222M. Forward 2026 guidance projects revenue and EBITDA growth of 1.5–2.5% with ~€3B free cash flow, suggesting management expects the transition to stabilize the financial profile.
Key strengths: 326.1M total accesses and world's largest fibre footprint (162.9M premises passed), Diversified four-pillar core market model (Spain, Germany, Brazil, UK VMO2 JV), Strong recurring cash flow: €5,081M OpCFaL and €2,069M FCF in 2025, 2025 targets met: revenue +1.5%, adjusted EBITDA +2.0%, CapEx/sales 12.4%, Telefónica Tech growing 18.9% to €2,222M, Spain posted first simultaneous revenue/EBITDA/OpCFaL growth since 2008, Disciplined CapEx down 7.2% YoY to €4,340M
Risk factors: High net debt of €26.8B in a volatile rate environment, Large 2025 reported net loss of €4,318M from restructuring and impairments, Credit ratings near lower band of investment grade, Significant Brazilian real FX translation exposure, Mature Spanish consumer market and intense European competition, Execution risk on remaining Hispam exits (Mexico still pending), Workforce restructuring (Spain ERE) generating large one-off costs, Modest growth at UK VMO2 JV (+0.2% revenue, +0.9% EBITDA)
Revenue by product/service
- Consumer / Residential (B2C): 59%
- Enterprise (B2B): 23.5%
- Wholesale: 17.5%
Workforce by country
- Total: 82655
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