Telefónica Móviles hits the 50 million mark

5 Jan 2004

Telefónica Móviles has announced that its managed customer base now exceeds 50 million, up from 41.4 million at the end of 2002. In terms of managed customers the company now claims to be the fifth-largest cellco in the world, and the dominant wireless provider in the majority of Spanish and Portuguese-speaking markets. Telefónica Móviles manages most of the Telefónica Group’s cellular telephony assets, with a presence in 14 countries and a potential market of more than 514 million inhabitants. The company has operations in Spain, Latin America and the Mediterranean Basin.