Telefonica: 1991-2010 (Spanish)
University of Navarra - IESE Business School
IESE Business School
Luis Corres Avendaño
January 18, 2011
The market cap of Telefonica increased between December 1991 and December 2010 in 70.6 billion euros. The shareholder value creation during this period was 34.2 billion euros. The average shareholder return of Telefonica in this 19 years was 15.2%, higher than that of the IBEX 35 (11.0%). We also compare the shareholder return of Telefonica with that of other Telecoms.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 25
Keywords: Telefonica, IBEX, Shareholder Return, Shareholder Value Creation
JEL Classification: G12, G31, M21
Date posted: January 18, 2011 ; Last revised: January 24, 2011