A Spanish multinational telecommunications company, Telefónica is the fourth largest company of its type in Europe and the 13th largest in the world.

In November 2023, it announced its commitment to pay out a minimum annual dividend of €0.30 per share for the 2023–2026 period.

Telefónica currently operates in more than 20 countries in Europe and America. In these countries, it provides service to more than 300 million users and generates more than a million jobs, a tax contribution of €10bn per year and an impact on GDP of more than €53bn through its activities.