Revenues of leading telecommunications operators in Spain 2022-2023

Telefónica, which operates in Spain through its brand Movistar, was the telecommunications provider that generated the highest revenue in Spain, reaching 12.65 billion euros in 2023. Vodafone Spain and Orange Spain ranked second and third, generating around 4.85 and 4.7 billion euros, respectively. In 2024, Orange and MásMóvil announced a joint venture, known as MásOrange and thus creating Spain's biggest mobile operator. That same year, the British operator Vodafone sold its Spanish branch to Zegona Communications.