Telefonica SA Reports Significant Stock Price Growth and 5G Contract Renewals

Telefonica SA, a Madrid-based communication service provider, has experienced a notable increase in its stock price over the past five years. As of 2020, an initial investment of 1,000 euros has grown to approximately 1,532 euros.

5G Contract Renewals

The company has made headlines with its 5G contracts, including the renewal of a deal with Huawei until 2030 for its 5G mobile core network in Spain. This development follows the awarding of a contract to rival manufacturer Nokia for 5G core services to companies and government institutions earlier this year.

Market Value Growth

Telefonica’s market value has grown significantly, reaching 27.36 billion euros.