Telefónica, once Spain’s most valuable company, may see a new political twist if Alberto Feijóo reaches the prime‑minister’s office.
- The telecom giant has fallen from a €107 billion market cap in 2007 to under €20 billion today, yet it remains a media darling because of its iconic history.
- Its shares were famously sold to the public in the 1960s‑70s, turning Telefónica into a household name and a safe‑haven asset.
- Big‑bank shareholders like La Caixa and BBVA have long sat on its board, reinforcing the close ties between the firm and Spain’s establishment.
- The state holds about 10 % through SEPI, giving the government a foothold to appoint trusted figures such as Marc Murtra.