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The ineffective phone service situation in Spain was clearly failing, so the Spanish government decided to grant one single body the responsibility to service all of Spain; Telefonica was this chosen body.
Since this decision in 1924, Telefonica has grown and succeeded tremendously. The couple decades following 1965, and the technological advancement of satellites and data transmission, aided in Telefonica’s growth as the company’s telephone installments increased to 3.5 million. In the 1990’s, the company expanded their global presence past Europe into Latin America; there they are the telecommunications leader, providing service to 126 million users...
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