Telefónica Venezolana, C.A.

Telefónica Venezolana, C.A is a telecommunications company which operates in the country under the Movistar trademark, also is part of the Hispam organizational unit from Telefónica Group. The company offers mobile and fixed telephony, mobile Internet and data transmission services. It also provides connectivity solutions and digital products at corporate level for companies and SMEs. It is the leader of the Venezuelan mobile market with 54.4% of the market share, a mobile phone customer base over 7 million and 84% of 4G customer penetration. Currently, over the 50% of mobile Internet traffic circulates through the company’s networks, which has also started a commitment as a provider of home fixed Internet through its Movistar Agile Solution product (SAM). Its mobile network system uses GSM/GPRS/EDGE, 3G+ UMTS (HSDPA/HSUPA) and LTE technologies. The company has established itself as the technological ally of the country’s productive sector, with a corporate client portfolio above 90,000 companies. The company offers robust international outbound services, thanks to redundancy schemes that are leveraged in commercial agreements with the main carriers that manage the network of submarine cables that reach the country.