July 23, 2017, 5:35 p.m.
Telefónica, S.A. is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. The company is a component of the Euro Stoxx 50 stock market index.The company started as a public telecommunications company. Its head office is in the Distrito Telefónica in Madrid. As well as the Telefónica brand, it also trades as O2, Vivo and Movistar.In May 2017, Telefónica was one among 2000 biggest companies in the world, according to Forbes. It secured 110th position.
Telefónica had identified talent and entrepreneurship as key components of the digital revolution. Therefore, the company has launched Telefónica Open Future_ Open in new window, a global and open programme designed to connect entrepreneurs, startups, investors and public and private organisations from all over the world, that integrates all initiatives which support open innovation and entrepreneurship such as Wayra Open in new window, Talentum or Think Big as well as investment vehicles like Amérigo and Telefónica Ventures.
The objective is to direct innovation towards the development of viable projects, using a model that provides visibility to talent and puts it in contact with organisations, investors and companies that are looking for it through the collaboration with China Unicom Open in new window and Tsinghua Holdings Technology and Innovation Open in new window (THTI).
But there is more, Telefónica is also determined to include new companies, investment funds and ways of development in its business, to achieve an innovative and differentiating service. Eleven Paths Open in new window, Amérigo or our offering of a wide range of new digital services are evidence of this.
In order to become a reference in the field of telecommunications as Digital Telco, Telefónica has set four areas to focus their efforts.