Movistar Panamá
Country: Panamá
Industry: Telecomunicaciones
Size: multinational
We pave the way to keep turning possibilities into reality, in order to create value for employees, customers, shareholders, global partners and society as a whole.
Telecommunications,
The Telefónica group is one of the largest telecommunications companies in the world by market capitalization. Its activity focuses mainly on fixed and mobile telephony. It is present in 25 countries and has a customer base of more than 268 million. Telefónica has a strong presence in Spain, Europe and Latin America, where the company mainly concentrates its growth strategy.
The group ranks fifth in the telecommunications sector worldwide by market capitalization, first as an integrated European operator, and third in the “ranking” Eurostoxx 50, which brings together the largest companies in the euro area.
It was on March 8, 2004, when Telefónica announced the agreement to acquire, through Telefónica Móviles, all of BellSouth’s mobile telephony assets in Latin America, an action that consolidated Telefónica as the second mobile telephony multinational in the world and the leader in the Spanish-speaking market.
Movistar’s arrival in Panama took place in parallel with the transaction, through which Telefónica unified the image of its operations in 12 Latin American countries and thus established, by means of an unprecedented transaction, its presence in the region.
