Historical Archive Annual Reports

2006 Annual Report

Telefónica has closed financial year 2006 with over 200 million customers, only two years after overcoming the barrier of 100 million customers.

By region, Telefónica’s profile is now more balanced than in 2005, given that the countries external to the domestic market increased their contribution to the group’s consolidated revenues to 62.1% and to consolidated OIBDA, to 56.2%.

According OECD criteria, during financial year 2006, Telefónica devoted 4.3 billion euros to technological innovation, 588 million of which were spent on R&D.