TELEFONICA SA

Owns45

• ACENS TECHNOLOGIES SL

  Direct subsidiarySpain

• ALTOSTRATUS SOLUTIONS S.L.(SOCIEDAD UNIPERSONAL)

  Direct subsidiarySpain

• BE-terna Automation AG

  Direct subsidiarySwitzerland

• CASIOPEA RE S.A.

  Held through a subsidiaryLuxembourg

• COMPAÑIA MAYORISTA DE FIBRA S.L.

  Held through a subsidiarySpain

• GUATEMALA CELLULAR HOLDINGS B.V.

  Held through a subsidiaryNetherlands

• O2 (EUROPE) LIMITED

  Direct subsidiaryUnited Kingdom

• O2 OAK LIMITED

  Direct subsidiaryUnited Kingdom

• PANAMA CELLULAR HOLDINGS B.V.

  Direct subsidiaryNetherlands

• PEGASO PCS SA DE CV

  Held through a subsidiaryMexico

• PONTEL PARTICIPACIONES SL

  Direct subsidiarySpain

• TELEFONICA CAPITAL SA

  Direct subsidiarySpain

• TELEFONICA CENTROAMERICA INVERSIONES SL

  Direct subsidiarySpain

• TELEFONICA COMPRAS ELECTRONICAS SL

  Direct subsidiarySpain

• TELEFONICA DE CONTENIDOS SA

  Direct subsidiarySpain

• TELEFONICA DE ESPAÑA SA

  Direct subsidiarySpain

• Telefónica Deutschland Holding AG

  Direct subsidiaryGermany

• TELEFONICA DIGITAL ESPAÑA SL

  Direct subsidiarySpain

• TELEFONICA DIGITAL LIMITED

  Held through a subsidiaryUnited Kingdom

• TELEFONICA EMISIONES SA

  Direct subsidiarySpain

• Telefonica Europe B.V.

  Direct subsidiaryNetherlands

• TELEFONICA FINANZAS MEXICO SA DE CV

  Held through a subsidiaryMexico

• Telefónica Germany GmbH & Co. OHG

  Held through a subsidiaryGermany

• TELEFONICA GERMANY HOLDINGS LIMITED

  Held through a subsidiaryUnited Kingdom

• TELEFÓNICA GLOBAL ROAMING GMBH

  Direct subsidiaryGermany

• TELEFÓNICA GLOBAL SERVICES GMBH

  Direct subsidiaryGermany

• TELEFONICA GLOBAL SOLUTIONS SL

  Direct subsidiarySpain

• TELEFONICA GLOBAL TECHNOLOGY SA

  Held through a subsidiarySpain

• TELEFONICA HISPANOAMERICA SL

  Held through a subsidiarySpain

• TELEFÓNICA INFRA GERMANY GMBH

  Held through a subsidiaryGermany

• TELEFONICA INFRA SL

  Direct subsidiarySpain

• TELEFONICA INGENIERIA DE SEGURIDAD SA

  Direct subsidiarySpain

• TELEFONICA INNOVATION VENTURES S.L.

  Direct subsidiarySpain

• TELEFONICA INTERNATIONAL HOLDING B.V

  Held through a subsidiaryNetherlands

• TELEFONICA INTERNATIONAL WHOLESALE SERVICES SL

  Direct subsidiarySpain

• TELEFONICA IOT & BIG DATA TECH SA

  Held through a subsidiarySpain

• TELEFONICA LATINOAMERICA HOLDING SL

  Direct subsidiarySpain

• TELEFONICA MOVILES ARGENTINA SOCIEDAD ANONIMA

  Direct subsidiaryArgentina

• TELEFONICA MOVILES ESPAÑA SA

  Direct subsidiarySpain

• TELEFONICA OPEN INNOVATION SL

  Held through a subsidiarySpain

• TELEFONICA SERVICIOS AUDIOVISUALES SA

  Direct subsidiarySpain

• TELEFONICA SOLUCIONES DE INFORMATICA Y COMUNICACIONES DE ESPAÑA SA

  Direct subsidiarySpain

• TELFISA GLOBAL B.V.

  Direct subsidiaryNetherlands

• TELXIUS TELECOM S.A.

  Direct subsidiarySpain

• TELXIUS TORRES LATAM S.L.

  Held through a subsidiarySpain

Why no parent is reported

No direct parent reportedNo ultimate parent reported

No parent prepares consolidated accounts including it