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The State returns to the capital of Telefónica 26 years after its privatization

The Government left the operator to liberalize the ‘telecos’, and now an excess of competition is causing its return, given the collapse of prices and the appearance of foreign investors.

In 1997, with José María Aznar as president of the Spanish Government and Juan Villalonga as president of Telefónica, the State undertook the privatization of the 21% it held in the capital of the historic Spanish telecommunications monopoly, p

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