Telefonica is focused on providing fixed and mobile telephony services. Telefonica is present principally in Spain, Europe and Latin America. Telefonica also became the first iPhone reseller in Spain. Today, Dow Jones reports that Telefonica SA has received 300,000 pre- registrations in the United Kingdom and Spain to buy the iPhone 3G. A company spokesperson said that individuals have been reserving units of the device on the Telefonica Web site. Telefonica will begin selling the 3G iPhone July 11 in Spain, the Czech Republic and twelve Latin American.
The Motley Fool ranks Telefonica as one of seven growth stock on sale on June 16, 2008. It has five-year estimated growth rates of 18%.
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