| overview
landmarks
|
landmarks
This
chronology is indicative only.
Context
is provided by the broader communications and media timeline
on this site.
1924 Compañía Telefónica Nacional
de España (CTNE, aka Telefónica) established
as limited company under control of New York-based International
Telephone & Telegraph Corporation (ITT)
1945 Spanish government buys 50% of Telefónica
from ITT
1971 Telefónica acquires San Sebastián city
telephone network
1987 government sells 6% of Telefónica through
a Public Offering for €283.7m, reducing stake to
32%
1989 Telefónica becomes Telefónica de España,
S.A.
1989 Guardian (later GMG) buys stake
in Broadcast Communications
1991 Puerto Rico sells 80% of long distance telephone
service (Telefónica Larga Distancia) to Telefónica
for US$140m
1995 Spanish government sells further 11% for €1bn
1995 Telefónica joins with Sogecable
in Cablevision partnership
1995 Telefónica withdraws from Cablevision, Sogecable
assumes full ownership
1996 Telefónica buys 35% stake in Companhia Riograndense
de Telecomunicacoes (CRT) of Brazil
1997 Telefónica fully privatised through €3.88bn
sale of govt stake
1997 acquires Spanish government television channel Antena
3
1997 buys 20% of Recoletos
1998 buys Telesp (Brazil) for US$4.9bn
1998 buys one hundred radio stations in Spain
1998
Endemol becomes partner in Broadcast Communications with
50% stake
2000 GMG sells Broadcast Communications stake to Endemol,
which rebadges the business as Endemol UK
2000 Telefónica buys Endemol for £3.5bn (€5.5bn)
2000 Telefónica buys Lycos for US$12.5bn
2003 spins off Antena 3 stake
2004 buys Latin American assets of BellSouth for US$5.9bn
2004 Telefónica sells its 5% stake in Pearson
for £236m
2005 pays US$3.5bn for 51% of Cesky Telecom
2005 Endemol buys Brighter Pictures for £15m
2005 Telefónica agrees to buy UK-based O2 Group
for US$31.4bn
2005 floats 22.3% of Endemol
2006 sells 60% stake in directory publisher Telefonica
Publicidad e Informacion (TPI) as part of Yell's €3.07bn
bid for TPI
2006 acquires 51% of ISP Iberbanda (21.69% held by PRISA)
2007 sells Endemol France to Endemol NV for £300m
2007 Mediaset, John de Mol
and Goldman Sachs pay US$3.56bn for Telefonica's 75% in
Endemol NV, with overall acquisition at €3.1bn)
2008 Telefónica sells its stake in Sogecable to
PRISA
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