Telefonica, S.a.
TEFOFUNDER PRESSUREQUIETTelefonica, S.a. reads as Under Pressure (composite 46/100); pressure / disclosure signals dominate the posture this cycle · primary market Connectivity, ranked #6 on disclosed spend.
Lens
Disclosed M&A capital (2023–2025)
N/A
vs N/A in 2020–2022
Disclosed transactions
N/A
0/3 active fiscal years in window
Buyer archetype
Transformational Buyer
Episodic but very large disclosed transactions drive the profile.
Composite score
46
Under Pressure dominates · Quiet
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $14.3B disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
Target Probability
Issuers showing target-side patterns from filings
- 52 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 52 activism filings
Pressure Watch
DominantIssuers facing activism, governance, or control pressure
- 52 activism filings
- Latest activism 1.8y ago
- Shareholder pressure language
Distress Watch
Issuers showing financial-distress filing patterns
- Missing recent 10-Q
- 10-K 453d stale
- 52 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
- 1 NT late filing
- Latest event 22y ago; heavily discounted
Capital Velocity
Issuers with the highest filing-activity intensity
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $62.9B
- 4 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $1,623M · Peak count: 3
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | N/A | N/A | N/A | N/A |
| 2024 | N/A | N/A | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | 3 | $1.6B | $541M | N/A |
| 2021 | 1 | $320M | $320M | N/A |
| 2020 | 1 | $304M | $304M | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Geographic Expansion25%
- Horizontal Consolidation25%
- Platform25%
- Bolt On25%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- geographic_expansion
- horizontal_consolidation
- platform
- bolt_on
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“changes in our competitive position, including as a result of the evolution of competition and market consolidation in the markets where we operate, as well as the impact of any failure to comply with any antitrust regulations or any regulatory actions imposed by antitrust authorities;”
“BE-terna Group is a business group mainly dedicated to providing advanced cloud solutions for the digital transformation of companies”
“Telefónica Tech UK & Ireland, Ltd completed the acquisition of 100% of the shares of the British group Perpetual TopCo, Limited”
“Telefónica's competitive position in some markets could be affected by the evolution of competition and market consolidation.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Connectivity
- Market spend (2023–2025)
- $58.6B
- Market spend (2020–2022)
- $121.1B
- Recent vs prior
- −52%
- Issuer rank in market
- #6 of 98
- Share of market capital
- 4.1%
Valuation positioning
TEFOF trades at a -2.3-turn discount to the Connectivity peer median of 7.9×.
- EV / Revenue
- 1.7×
- Net debt / EBITDA
- N/A
- Peer median EV / EBITDA
- 7.9×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 23.8× | 6.8× | 0.9× | $59.1B | $26.6B | |
| 20.2× | 6.1× | -0.1× | $11.9B | $4.9B | |
| 7.9× | 2.8× | 0.4× | $139.1B | $60M | |
| 6.1× | 2.6× | -0.1× | $126.5B | $3.7B | |
| 6.1× | 2.5× | N/A | $59.8B | $5.1B | |
Telefonica, S.a.TEFOF | 5.6× | 1.7× | N/A | $36.5B | N/A |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Connectivity. Bars scaled to the highest EV/EBITDA in the set.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)262025-02-27
- 10-Q (quarterly)0N/A
- 8-K (event)0N/A
- Proxy / DEF 14A0N/A
- Activism (13D / DFAN / PREC)522024-08-02
Signals on file
- watch
Late-filing notice
2004-06-281 NT 10-K/10-Q filing on file.
- elevated
Activism on file
2024-08-0252 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Shareholder pressure
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.