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Telefonica ( (ES:TEF) ) has issued an announcement.
Telefónica has finalized a joint venture with Vodafone España to establish Compañía Mayorista de Fibra, S.L., aimed at commercializing a fiber to the home network. This venture, set to begin operations on March 1, 2025, will cover 3.65 million real estate units and initially serve around 1.4 million customers, enhancing Telefónica’s market position and network reach.
More about Telefonica
Telefónica, S.A. is a major telecommunications company operating primarily in the fiber to the home (FTTH) network industry. It provides retail and wholesale broadband access services, with a significant focus on expanding its fiber network capabilities.
YTD Price Performance: 9.64%
Average Trading Volume: 2,244,235
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €24.38B
See more insights into TEF stock on TipRanks’ Stock Analysis page.
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