Topic: Telefónica - Wikipedia

The company was created in Madrid in 1924 as Compañía Telefónica Nacional de España (CTNE) with ITT as one of its major shareholders. Until the liberalisation of the telecom market in 1997, Telefónica was the only telephone operator in Spain and still holds a dominant position (over 75% in 2000). Since 1997, the Spanish government has privatized its interest in the company.

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