Spain’s Telefónica has dropped from second to sixth place among European telcos in the last 10 years.
El Economista reports that it has lost 75% of its market value, equivalent to €60 billion, in that time.
Rather than being placed alongside Orange, Vodafone or Deutsche Telekom, it now even lags behind Telenor and Swisscom and risks losing its place in the EuroStoxx 50.
This fall is down to a number of factors including the failure of investments in Latin America, over-indebtedness, strong competition in the domestic market and low profitability of a mature business.
El Economista points out that the Spanish is now worth only around a quarter of Deutsche Telekom.
Broadband TV News notes that according to Macrotrends, Telefónica had a market capitalisation of $22.17 billion as of August
