Creation of Value for the Shareholders of Telefonica: 1991-2006
38 Pages Posted: 24 Jan 2007
Date Written: January 24, 2007
The market cap of Telefonica increased between December 1991 and December 2006 in 72.5 billion euros. The shareholder value creation during this period was 28.2 billion euros. The average shareholder return of Telefonica in this 15 years was 17.7%, higher than that of the IBEX 35 (15.4%). We also compare the shareholder return of Telefonica with that of other Telecoms.
Keywords: Telefonica, IBEX, shareholder return, shareholder value creation
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation