The mobile business is run by Telefónica Móviles through the brand movistar.It is unknown what will happen with their previous established subsidiary Telefónica Empresas, being most probable a merger with TELECOM. Telefónica signed a contract for 15 years (extendable for 10 additional years) on with the government of Costa Rica.The Telefónica group has been in the country since 1996 when it acquired CRT, a fixed-line and mobile operator in the southern part of the country.The landline division is currently part of Brasil Telecom. In 2009, after four big "blackouts" on Telefónica's broadband "Speedy", ANATEL ordered Telefónica to stop sales of its broadband service until improvements were made on the infrastructure to provide better-quality service.The five major stockholders include: Telefónica was the parent of Telefónica Deutschland, which held two alternative IP carriers.
Since 1997, the Spanish government has privatized its interest in the company.
Telefónica owns Telefónica de Argentina which is the largest fixed-line operator in the country.
It provides broadband, local and long distance telephone services in southern part of the country as well as the Greater Buenos Aires area.
) 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.