25 Pages Posted: 18 Jan 2011 Last revised: 24 Jan 2011
Date Written: 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.
Notes: Downloadable document is in Spanish.
Keywords: Telefonica, IBEX, Shareholder Return, Shareholder Value Creation
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation
Fernandez, Pablo and Aguirreamalloa, Javier and Avendaño, Luis Corres, Telefonica: 1991-2010 (Spanish) (January 18, 2011). Available at SSRN: https://ssrn.com/abstract=1743044 or http://dx.doi.org/10.2139/ssrn.1743044