Telefonica opens the week with a sector expansion, shares steady on Madrid trade

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-29, 11:58.

Telefonica (ES0178430E18) starts the new week with an operational update from its German subsidiary, while the stock trades on the Madrid exchange alongside peers such as Deutsche Telekom in the European telecoms sector. The focus is on mobile network expansion data released by Telefónica Deutschland for the first half of 2026, providing context for the group’s infrastructure push.Telefónica Deutschland corporate news overview

German unit accelerates network rollout

Telefónica Deutschland reported on 29 June 2026 that it has implemented around 4,500 mobile network expansion projects in the first half of 2026, indicating a marked acceleration of rollout activity in its O2 network in Germany.IR release on 4,500 network projects The company highlighted that the expansion covers both capacity upgrades and new sites, supporting 5G and LTE coverage improvements across urban and rural areas.

In the same communication, Telefónica Deutschland reiterated its plan to switch off the 2G (GSM) mobile standard in its network in the second half of 2028, freeing spectrum for more data-efficient technologies and aligning with broader European modernization trends.Announcement on 2G switch-off in 2028 This long-dated roadmap offers investors a clearer view on how the group is managing its legacy infrastructure and preparing for future demand.

Telefonica in the European telecoms peer group

Telefonica shares trade on the Bolsa de Madrid and are part of the European telecoms peer group that includes Deutsche Telekom, which recently showed a price of around 26.40 euros in trading on the German market, underlining the relative scale and valuation context within the sector.Deutsche Telekom share quote and sector reference Sector comparisons help investors gauge how Telefonica’s network investments and leverage profile sit against other incumbents in Europe.

For Telefonica’s domestic listing, recent data from Spanish financial media showed a closing price of 3.627 euros on 29 June 2026, with a daily change of -0.6573 percent and trading volume of just over 3.1 million shares, pointing to a relatively muted session on the Madrid exchange.Historical Telefonica price data in Cinco Días These figures offer a snapshot of how the market currently prices the group’s combination of mature cash-generating assets and ongoing network investments.

The product behind the stock

Telefonica generates its revenue primarily through connectivity services under brands such as Movistar in Spain, providing fixed broadband, mobile voice and data, and convergent packages that bundle fiber, mobile and television for households and small businesses.Overview of Telefonica’s core business and brands These offers typically center around high-speed fiber-to-the-home and 5G mobile plans, complemented by digital services including cloud, cybersecurity and IoT solutions for enterprise clients.

Where the stock trades today

Telefonica shares (ES0178430E18) trade on 2026-06-29 at about 3.63 euros on the Bolsa de Madrid, based on recent closing data from Spanish market sources, with the stock forming part of the domestic blue-chip telecoms universe.Latest Telefonica closing price in Cinco Días

This text is for informational purposes only and does not constitute investment advice, an offer, or a recommendation to buy or sell any securities. All data have been carefully researched but carry no guarantee; investors should consult professional advisors before making investment decisions.