About Telecom Operators sector in Spain
The Telecom Operators sector in Spain comprises 354 companies, including 52 funded companies having collectively raised $27B in venture capital money and private equity. Out of these, 56 are Series A+ funded.
Telecom Operators sector in Spain has seen 48 acquisitions and 5 IPOs. This represents almost 15.0% of all such companies - which is higher than the 5.3% exit rate of tech companies in general.
This sector includes telecom operators providing voice and internet services to the residential and business customers.
Telecom Operators sector is also known as Wireless Communication Operators, Wireless Subscribers or Telecommunication Operators.
Companies included in Telecom Operators
All the companies that provide communication services (voice or data) like wireless (cellular, wi-fi, MVNOs), fixed-line (fiber, cable), business telephony (VoIP, PBX), and satellite communication.Companies excluded in Telecom Operators
Telecom companies that don't provide services directly to the end customers (residential or business) like telecom infrastructure (towers, equipment, network), OSS/BSS players, system integrators etc. Also doesn't include companies providing mobile handsets, phone systems, modems etc. Also excludes installation & deployment services provider.Top Telecom Operators Companies in Spain
There are more than 354 companies in Telecom Operators in Spain. MasMovil is the top Telecom Operators company in Spain, ranked using Tracxn Score (what's this?).
Here are 5 of the top Telecom Operators companies in Spain:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of mobile internet, calling, and other services | Madrid (Spain) | 2006 | Acquired | - | |
Provider of mobile and fixed-line telephony services | Madrid (Spain) | 1924 | Public | - | |
Voice and data communication services provider | Derio (Spain) | 1995 | Acquired | - | |
Mobile communication and fixed line services provider | Madrid (Spain) | 2007 | Acquired | - | |
Broadband Internet Access. | Madrid (Spain) | 1998 | Acquired | - |
Companies founded year-on-year in the Telecom Operators sector in Spain
15 Telecom Operators startups in Spain were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 2 |
2023 | 3 |
2022 | 8 |
2021 | 12 |
2020 | 12 |
2019 | 12 |
2018 | 14 |
2017 | 15 |
2016 | 11 |
Stage-wise distribution of Telecom Operators sector companies in Spain
Out of the total 354 Telecom Operators companies in Spain, 52 have secured funding. Among them, 56 have reached Series A or higher, and 54 to Series B or beyond.
Founded - 354
Funded - 52
Series A+ - 56
Series B+ - 54
Series C+ - 53
Company Stage | No. of companies |
|---|---|
Founded | 354 |
Funded | 52 |
Series A+ | 56 |
Series B+ | 54 |
Series C+ | 53 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Telecom Operators sector in Spain
Total funding year-on-year in the Telecom Operators sector in Spain
The Telecom Operators sector in Spain saw a total funding of more than $20.1B in the last 10 years. The most amount of funding was in 2018 at more than $8.97B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $51.5M |
2024 | $1.44B |
2023 | $2.66B |
2022 | $15.9M |
2021 | $1.44M |
2020 | $338M |
2019 | $1.85B |
2018 | $8.97B |
2017 | $19.8M |
Recent Funding Rounds in Telecom Operators in Spain
In the year 2025, till November 2025, Telecom Operators companies in Spain have raised $4.3B in equity funding across 1 round.
In the same period last year (i.e. till November 2024), Telecom Operators companies in Spain had raised $1.61M across 3 rounds.
So, 2025 has seen a 267346.2% rise in funding in Telecom Operators companies in Spain as compared to 2024.
Here are some recent, important funding rounds in Telecom Operators companies in Spain:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series D | 3392 | Nov 17, 2025 | ||
Seed | 9355 | Nov 21, 2024 | ||
Seed | 3765 | 2024 | ||
Series A | 7636 | May 15, 2024 | ||
Series B | 2745 | Dec 07, 2022 |
Top Investors in Telecom Operators in Spain
KKR is the top investor in Telecom Operators companies in Spain based on number of companies invested.
Here are some top investors in Telecom Operators companies in Spain:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | ||
Paris (France) | ||
Washington, DC (United States) | - | |
Los Angeles (United States) | - | |
Barcelona (Spain) |
M&A activity in Telecom Operators sector in Spain
In the year 2025, till November 2025, 6 acquisitions happened in Telecom Operators sector in Spain. Last year, in 2024, a total of 4 acquisitions happened in Telecom Operators sector in Spain.
Here are some recent, important acquisitions in Telecom Operators sector in Spain:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Nov 17, 2025 | ||
Business Acquisition | Nov 06, 2025 | ||
Business Acquisition | Jun 16, 2025 | ||
Business Acquisition | Apr 11, 2025 | ||
Business Acquisition | Feb 06, 2025 |
Acquisition trends in Telecom Operators sector in Spain
Here are the acquisition trends in Telecom Operators sector in Spain:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 4 |
2024 | 4 |
2023 | 5 |
2022 | 5 |
2021 | 3 |
2020 | 7 |
2019 | 5 |
2018 | 2 |
2017 | 3 |
2016 | 3 |
IPOs in Telecom Operators in Spain
In the year 2021, till June 2021, 1 IPO happened in Telecom Operators sector in Spain.
Here are some recent, important IPOs in Telecom Operators sector in Spain:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jun 25, 2021 | Madrid Stock Exchange (BME) | |
Jul 03, 2015 | Madrid Stock Exchange (BME) | |
Apr 29, 2013 | OTC Markets (OTCMKTS) | |
Mar 30, 2012 | Madrid Stock Exchange (BME) | |
Jun 03, 2011 | Madrid Stock Exchange (BME) |
Colleges which produce the most Telecom Operators companies in Spain
Companies founded by alumni from top colleges in the Telecom Operators in Spain
Most number of Telecom Operators startups in Spain have been founded by alumni from Columbia Business School and Columbia University.
College | No. of companies |
|---|---|
Columbia Business School | 1 |
Columbia University | 1 |
Total funding in Telecom Operators companies founded by alumni from top colleges in Spain
In the last 10 years, Columbia Business School graduates' Telecom Operators companies in Spain have raised the most funding among top colleges. Columbia University alumni are second.
College | Total Funding |
|---|---|
Columbia Business School | $39.1M |
Columbia University | $39.1M |
Top News in Telecom Operators in Spain
•
Digital Realty invests 230 million in a data center in BarcelonaExpansion•Sep 20, 2025•Adamo, Telefonica, Digital Realty
•
Vodafone Spain partners with The Channel Store for FAST channel offeringAdvanced Television•Sep 05, 2025•Vodafone Spain
•
Vodafone Spain and Heineken partner to boost hospitality servicesMobileWorldLive•Aug 28, 2025•Vodafone Spain, HEINEKEN
•
Finetwork replaces its auditor amidst crisis with VodafoneExpansion•Aug 23, 2025•Vodafone Spain, Finetwork
•
•
Telefónica focuses on quantum innovation for secure communication and advanced computingEuropa Press•Jul 28, 2025•Telefonica, IBM, Fujitsu
•
Vodafone Spain reduces revenue but improves profitability after Zegona's entryExpansion•Jul 16, 2025•Vodafone Spain
•
Vodafone Spain reports losses but wins customers after acquisition by Zegona.Advanced Television•Jul 16, 2025•Vodafone Spain, Zegona Communications plc
•
Vodafone Spain to distribute connected emergency beacon to Ryme Automotive customersTelecompaper•Jul 07, 2025•Vodafone Spain, RymeAutomotive
•
