0000814052false2021FYtrueP2YP36MP36MP3YP5YP2YP6YP6Y8.25P5Y00008140522021-01-012021-12-310000814052dei:BusinessContactMember2021-01-012021-12-310000814052tef:BusinessContact2Member2021-01-012021-12-310000814052ifrs-full:OrdinarySharesMember2021-01-012021-12-310000814052tef:AmericanDepositarySharesMember2021-01-012021-12-310000814052tef:SeniorNotesDue2027Member2021-01-012021-12-310000814052tef:GuaranteedSeniorNotesDue2036Member2021-01-012021-12-310000814052tef:SeniorNotesDue2038Member2021-01-012021-12-310000814052tef:SeniorNotesDue2047Member2021-01-012021-12-310000814052tef:SeniorNotesDue2048Member2021-01-012021-12-310000814052tef:SeniorNotesDue2049Member2021-01-012021-12-310000814052tef:GuaranteedSeniorNotesDue2030Member2021-01-012021-12-3100008140522021-12-31xbrli:sharesiso4217:EUR00008140522020-12-3100008140522020-01-012020-12-3100008140522019-01-012019-12-31iso4217:EURxbrli:shares0000814052ifrs-full:IssuedCapitalMember2020-12-310000814052ifrs-full:SharePremiumMember2020-12-310000814052ifrs-full:TreasurySharesMember2020-12-310000814052ifrs-full:OtherEquityInterestMember2020-12-310000814052ifrs-full:StatutoryReserveMember2020-12-310000814052ifrs-full:RetainedEarningsMember2020-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2020-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2020-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2020-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2020-12-310000814052ifrs-full:NoncontrollingInterestsMember2020-12-310000814052ifrs-full:RetainedEarningsMember2021-01-012021-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2021-01-012021-12-310000814052ifrs-full:NoncontrollingInterestsMember2021-01-012021-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2021-01-012021-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2021-01-012021-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-01-012021-12-310000814052ifrs-full:IssuedCapitalMember2021-01-012021-12-310000814052ifrs-full:TreasurySharesMember2021-01-012021-12-310000814052ifrs-full:SharePremiumMember2021-01-012021-12-310000814052ifrs-full:IssuedCapitalMember2021-12-310000814052ifrs-full:SharePremiumMember2021-12-310000814052ifrs-full:TreasurySharesMember2021-12-310000814052ifrs-full:OtherEquityInterestMember2021-12-310000814052ifrs-full:StatutoryReserveMember2021-12-310000814052ifrs-full:RetainedEarningsMember2021-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2021-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2021-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2021-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2021-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2021-12-310000814052ifrs-full:NoncontrollingInterestsMember2021-12-310000814052ifrs-full:IssuedCapitalMember2019-12-310000814052ifrs-full:SharePremiumMember2019-12-310000814052ifrs-full:TreasurySharesMember2019-12-310000814052ifrs-full:OtherEquityInterestMember2019-12-310000814052ifrs-full:StatutoryReserveMember2019-12-310000814052ifrs-full:RetainedEarningsMember2019-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2019-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2019-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2019-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2019-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2019-12-310000814052ifrs-full:NoncontrollingInterestsMember2019-12-3100008140522019-12-310000814052ifrs-full:RetainedEarningsMember2020-01-012020-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2020-01-012020-12-310000814052ifrs-full:NoncontrollingInterestsMember2020-01-012020-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2020-01-012020-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2020-01-012020-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2020-01-012020-12-310000814052ifrs-full:IssuedCapitalMember2020-01-012020-12-310000814052ifrs-full:TreasurySharesMember2020-01-012020-12-310000814052ifrs-full:OtherEquityInterestMember2020-01-012020-12-310000814052ifrs-full:IssuedCapitalMember2018-12-310000814052ifrs-full:SharePremiumMember2018-12-310000814052ifrs-full:TreasurySharesMember2018-12-310000814052ifrs-full:OtherEquityInterestMember2018-12-310000814052ifrs-full:StatutoryReserveMember2018-12-310000814052ifrs-full:RetainedEarningsMember2018-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2018-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2018-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2018-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2018-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2018-12-310000814052ifrs-full:NoncontrollingInterestsMember2018-12-3100008140522018-12-310000814052ifrs-full:RetainedEarningsMemberifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMemberifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:EquityAttributableToOwnersOfParentMember2018-12-310000814052ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:NoncontrollingInterestsMember2018-12-310000814052ifrs-full:IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:IssuedCapitalMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:SharePremiumMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:TreasurySharesMember2018-12-310000814052ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:OtherEquityInterestMember2018-12-310000814052ifrs-full:StatutoryReserveMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:RetainedEarningsMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2018-12-310000814052ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMemberifrs-full:EquityAttributableToOwnersOfParentMember2018-12-310000814052ifrs-full:NoncontrollingInterestsMemberifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember2018-12-310000814052ifrs-full:RetainedEarningsMember2019-01-012019-12-310000814052ifrs-full:EquityAttributableToOwnersOfParentMember2019-01-012019-12-310000814052ifrs-full:NoncontrollingInterestsMember2019-01-012019-12-310000814052ifrs-full:ReserveOfGainsAndLossesOnRemeasuringAvailableforsaleFinancialAssetsMember2019-01-012019-12-310000814052ifrs-full:ReserveOfCashFlowHedgesMember2019-01-012019-12-310000814052ifrs-full:ReserveOfGainsAndLossesFromInvestmentsInEquityInstrumentsMember2019-01-012019-12-310000814052ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember2019-01-012019-12-310000814052ifrs-full:StatutoryReserveMember2019-01-012019-12-310000814052ifrs-full:TreasurySharesMember2019-01-012019-12-310000814052ifrs-full:OtherEquityInterestMember2019-01-012019-12-310000814052currency:BRL2020-01-012020-12-31xbrli:pure0000814052currency:BRL2021-01-012021-12-310000814052currency:GBP2020-01-012020-12-310000814052currency:GBP2021-01-012021-12-310000814052currency:PEN2020-01-012020-12-310000814052currency:PEN2021-01-012021-12-310000814052currency:CLP2020-01-012020-12-310000814052currency:CLP2021-01-012021-12-310000814052currency:COP2020-01-012020-12-310000814052currency:COP2021-01-012021-12-310000814052currency:MXN2020-01-012020-12-310000814052currency:MXN2021-01-012021-12-310000814052tef:VMEDO2UKLtdMembertef:TelefonicaO2HoldingsLtdMember2020-05-072020-05-070000814052tef:VMEDO2UKLtdMember2021-06-012021-06-01iso4217:GBP0000814052tef:TelefonicaO2HoldingsLtdMember2021-06-012021-06-010000814052tef:VMEDO2UKLtdMembertef:TelefonicaO2HoldingsLtdMember2021-06-012021-06-010000814052tef:TelefonicaO2HoldingsLtdMember2021-06-010000814052tef:TelefonicaUnitedKingdomMember2021-06-012021-06-010000814052tef:TelxiusTelecomSAMember2021-01-132021-01-13tef:sitetef:transaction0000814052tef:EuropeTowersDivisionMembertef:TelxiusTelecomSAMember2021-06-012021-06-010000814052tef:TelxiusTelecomSAMembertef:LatinAmericaTowersDivisionMember2021-06-032021-06-030000814052tef:EuropeTowersDivisionSecondPhaseMembertef:TelxiusTelecomSAMember2021-08-022021-08-020000814052tef:EuropeTowersDivisionSecondPhaseMembertef:TelxiusTelecomSAMember2020-06-082020-06-080000814052tef:TelxiusTelecomSAMembertef:EuropeAndLatinAmericaTowersDivisionMember2021-06-012021-08-020000814052tef:TelxiusTelecomSAMembertef:EuropeAndLatinAmericaTowersDivisionMember2021-08-020000814052tef:TelxiusTelecomSAMembertef:EuropeAndLatinAmericaTowersDivisionMember2021-12-310000814052tef:KKRAlamedaAggregatorLPMembertef:TelefonicaChileS.A.Membertef:InfraCoSpAMember2021-02-220000814052tef:KKRAlamedaAggregatorLPMembertef:TelefonicaChileS.A.Membertef:InfraCoSpAMember2021-02-222021-02-22tef:home0000814052tef:KKRAlamedaAggregatorLPMembertef:TelefonicaChileS.A.Membertef:InfraCoSpAMember2021-07-012021-07-010000814052tef:TelefonicaDeCostaRicaMembertef:AmericaMovilSABdeCVMember2021-08-092021-08-09iso4217:USD0000814052tef:CancomLtdMember2021-07-2900008140522021-12-282021-12-28utr:Y0000814052tef:TelefonicaArgentinaMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052tef:TelefonicaArgentinaMemberifrs-full:IntangibleAssetsMaterialToEntityMember2020-01-012020-12-310000814052tef:TelefonicaArgentinaMember2020-01-012020-12-310000814052tef:TelefonicaArgentinaMember2020-01-012020-12-310000814052tef:TelefonicaPeruMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052country:VE2021-01-012021-12-310000814052country:VE2020-01-012020-12-310000814052country:VE2019-01-012019-12-310000814052country:VE2021-12-31tef:venezuelanBolivarInflation_adjustedPerUSDollar0000814052country:VE2020-12-310000814052country:VE2019-12-31tef:venezuelanBolivarSoberanoiso4217:USD0000814052country:AR2021-12-310000814052country:AR2020-12-310000814052country:AR2019-12-310000814052country:AR2021-01-012021-12-310000814052country:AR2020-01-012020-12-310000814052country:AR2019-01-012019-12-31iso4217:ARSiso4217:EUR0000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:TopOfRangeMember2021-01-012021-12-310000814052ifrs-full:BottomOfRangeMemberifrs-full:ComputerSoftwareMember2021-01-012021-12-310000814052ifrs-full:TopOfRangeMemberifrs-full:ComputerSoftwareMember2021-01-012021-12-310000814052ifrs-full:BottomOfRangeMemberifrs-full:BuildingsMember2021-01-012021-12-310000814052ifrs-full:TopOfRangeMemberifrs-full:BuildingsMember2021-01-012021-12-310000814052ifrs-full:BottomOfRangeMemberifrs-full:MachineryMember2021-01-012021-12-310000814052ifrs-full:TopOfRangeMemberifrs-full:MachineryMember2021-01-012021-12-310000814052ifrs-full:BottomOfRangeMemberifrs-full:CommunicationAndNetworkEquipmentMember2021-01-012021-12-310000814052ifrs-full:TopOfRangeMemberifrs-full:CommunicationAndNetworkEquipmentMember2021-01-012021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:BottomOfRangeMember2021-01-012021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:TopOfRangeMember2021-01-012021-12-310000814052tef:VMEDO2UKLtdMember2021-06-012021-12-31tef:reportingSegment0000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:VMEDO2UKLtdMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMember2021-01-012021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052tef:TelefonicaS.A.Member2021-01-012021-12-310000814052tef:TelefonicaSpainMember2021-01-012021-12-310000814052tef:TelefonicaUnitedKingdomMember2021-01-012021-12-310000814052tef:VMEDO2UKLtdMember2021-01-012021-12-310000814052tef:TelefonicaGermanyMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMember2021-01-012021-12-310000814052tef:TelefnicaHispamMember2021-01-012021-12-310000814052ifrs-full:AllOtherSegmentsMember2021-01-012021-12-310000814052tef:TelefonicaHispamAndTelefonicaGlobalSolutionsMemberifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052tef:TelefonicaSpainMemberifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052tef:TelefonicaUnitedKingdomMemberifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:VMEDO2UKLtdMember2021-01-012021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefonicaGermanyMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefnicaHispamMember2021-01-012021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMemberifrs-full:AllOtherSegmentsMember2021-01-012021-12-310000814052tef:TelefonicaBrasilAndTelxiusGroupMemberifrs-full:EliminationOfIntersegmentAmountsMember2021-01-012021-12-310000814052tef:TelxiusGroupMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMember2020-01-012020-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052tef:TelefonicaS.A.Member2020-01-012020-12-310000814052tef:TelefonicaSpainMember2020-01-012020-12-310000814052tef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052tef:TelefonicaGermanyMember2020-01-012020-12-310000814052tef:TelefonicaBrazilMember2020-01-012020-12-310000814052tef:TelefnicaHispamMember2020-01-012020-12-310000814052ifrs-full:AllOtherSegmentsMember2020-01-012020-12-310000814052tef:TelefonicaHispamAndTelefonicaGlobalSolutionsMemberifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052tef:TelefonicaSpainMemberifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052tef:TelefonicaUnitedKingdomMemberifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefonicaGermanyMember2020-01-012020-12-310000814052tef:TelefonicaBrazilMemberifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefnicaHispamMember2020-01-012020-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMemberifrs-full:AllOtherSegmentsMember2020-01-012020-12-310000814052tef:TelefonicaBrasilAndTelxiusGroupMemberifrs-full:EliminationOfIntersegmentAmountsMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMember2019-01-012019-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMember2019-01-012019-12-310000814052tef:TelefonicaS.A.Member2019-01-012019-12-310000814052tef:TelefonicaSpainMember2019-01-012019-12-310000814052tef:TelefonicaUnitedKingdomMember2019-01-012019-12-310000814052tef:TelefonicaGermanyMember2019-01-012019-12-310000814052tef:TelefonicaBrazilMember2019-01-012019-12-310000814052tef:TelefnicaHispamMember2019-01-012019-12-310000814052ifrs-full:AllOtherSegmentsMember2019-01-012019-12-310000814052tef:TelefonicaSpainMemberifrs-full:EliminationOfIntersegmentAmountsMember2019-01-012019-12-310000814052tef:TelefonicaUnitedKingdomMemberifrs-full:EliminationOfIntersegmentAmountsMember2019-01-012019-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefonicaGermanyMember2019-01-012019-12-310000814052tef:TelefonicaBrazilMemberifrs-full:EliminationOfIntersegmentAmountsMember2019-01-012019-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMembertef:TelefnicaHispamMember2019-01-012019-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMemberifrs-full:AllOtherSegmentsMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:VMEDO2UKLtdMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMember2021-12-310000814052ifrs-full:AllOtherSegmentsMember2021-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMember2021-12-310000814052tef:TelefonicaS.A.Member2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMember2020-12-310000814052ifrs-full:AllOtherSegmentsMember2020-12-310000814052ifrs-full:EliminationOfIntersegmentAmountsMember2020-12-310000814052tef:TelefonicaS.A.Member2020-12-310000814052tef:VMEDO2UKLtdMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:FixedMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaUnitedKingdomMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:OtherProductsAndServicesAndEliminationsMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:FixedMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:OtherProductsAndServicesAndEliminationsMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:FixedMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaUnitedKingdomMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMembertef:OtherProductsAndServicesAndEliminationsMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:FixedMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaGermanyMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:OtherProductsAndServicesAndEliminationsMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:FixedMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaGermanyMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:OtherProductsAndServicesAndEliminationsMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:FixedMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefonicaGermanyMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMembertef:OtherProductsAndServicesAndEliminationsMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:FixedMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:MobileMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:OtherProductsAndServicesAndEliminationsMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:FixedMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:MobileMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:OtherProductsAndServicesAndEliminationsMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:FixedMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:MobileMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMembertef:OtherProductsAndServicesAndEliminationsMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:FixedMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefnicaHispamMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:OtherProductsAndServicesAndEliminationsMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:FixedMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefnicaHispamMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:OtherProductsAndServicesAndEliminationsMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:FixedMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:MobileMembertef:TelefnicaHispamMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:OtherProductsAndServicesAndEliminationsMember2019-01-012019-12-310000814052srt:GeographyEliminationsMembertef:OtherProductsAndServicesAndEliminationsMember2021-01-012021-12-310000814052srt:GeographyEliminationsMember2021-01-012021-12-310000814052srt:GeographyEliminationsMembertef:OtherProductsAndServicesAndEliminationsMember2020-01-012020-12-310000814052srt:GeographyEliminationsMember2020-01-012020-12-310000814052srt:GeographyEliminationsMembertef:OtherProductsAndServicesAndEliminationsMember2019-01-012019-12-310000814052srt:GeographyEliminationsMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:RetailerMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:RetailerMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:RetailerMember2019-01-012019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:WholesalersMobileHandsetsSalesAndOthersMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:WholesalersMobileHandsetsSalesAndOthersMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMembertef:WholesalersMobileHandsetsSalesAndOthersMember2019-01-012019-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMembertef:CancomLtdMember2021-07-290000814052tef:CancomLtdMemberifrs-full:OtherIntangibleAssetsMember2021-07-290000814052tef:CancomLtdMember2021-07-292021-07-29tef:numberOfBusinessCombination0000814052ifrs-full:LicencesAndFranchisesMember2020-12-310000814052ifrs-full:LicencesAndFranchisesMember2021-01-012021-12-310000814052ifrs-full:LicencesAndFranchisesMember2021-12-310000814052ifrs-full:ComputerSoftwareMember2020-12-310000814052ifrs-full:ComputerSoftwareMember2021-01-012021-12-310000814052ifrs-full:ComputerSoftwareMember2021-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMember2020-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMember2021-01-012021-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMember2021-12-310000814052ifrs-full:BrandNamesMember2020-12-310000814052ifrs-full:BrandNamesMember2021-01-012021-12-310000814052ifrs-full:BrandNamesMember2021-12-310000814052ifrs-full:OtherIntangibleAssetsMember2020-12-310000814052ifrs-full:OtherIntangibleAssetsMember2021-01-012021-12-310000814052ifrs-full:OtherIntangibleAssetsMember2021-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMember2020-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMember2021-01-012021-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMember2021-12-310000814052ifrs-full:LicencesAndFranchisesMember2019-12-310000814052ifrs-full:LicencesAndFranchisesMember2020-01-012020-12-310000814052ifrs-full:ComputerSoftwareMember2019-12-310000814052ifrs-full:ComputerSoftwareMember2020-01-012020-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMember2019-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMember2020-01-012020-12-310000814052ifrs-full:BrandNamesMember2019-12-310000814052ifrs-full:BrandNamesMember2020-01-012020-12-310000814052ifrs-full:OtherIntangibleAssetsMember2019-12-310000814052ifrs-full:OtherIntangibleAssetsMember2020-01-012020-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMember2019-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMember2020-01-012020-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMember2021-01-012021-12-31iso4217:BRL0000814052tef:TelefonicaBrazilMembertef:National1Member2021-01-012021-12-31tef:MHz_band0000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:National1Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:National1Membertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:National1Membertef:EACEMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:National1Member2021-01-012021-12-310000814052tef:National2Membertef:TelefonicaBrazilMember2021-01-012021-12-310000814052tef:National2Membertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMember2021-01-012021-12-310000814052tef:National2Membertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EAFMember2021-01-012021-12-310000814052tef:National2Membertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EACEMember2021-01-012021-12-310000814052tef:National2Membertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMembertef:SoutheastExcludingSaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:SoutheastExcludingSaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SoutheastExcludingSaoPauloMembertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SoutheastExcludingSaoPauloMembertef:EACEMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SoutheastExcludingSaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMembertef:NorthMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:NorthMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:NorthMembertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:NorthMembertef:EACEMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:NorthMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMembertef:SaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:SaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SaoPauloMembertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SaoPauloMembertef:EACEMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:SaoPauloMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMembertef:MidwestMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:MidwestMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:MidwestMembertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:MidwestMembertef:EACEMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:MidwestMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMembertef:National3Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMembertef:National3Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EAFMembertef:National3Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EACEMembertef:National3Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:National3Member2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:ANATELMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EAFMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EACEMember2021-01-012021-12-310000814052srt:MinimumMembertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EAFMember2021-01-012021-12-31tef:employee0000814052srt:MaximumMembertef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMembertef:EAFMember2021-01-012021-12-31tef:installment0000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaSpainMember2021-01-012021-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefnicaHispamMember2021-01-012021-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaUnitedKingdomMember2021-01-012021-12-310000814052tef:TelefonicaMovilesElSalvadorMemberifrs-full:LicencesAndFranchisesMember2021-01-012021-12-310000814052tef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052tef:TelxiusTelecomMember2020-01-012020-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2020-01-012020-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaArgentinaMember2021-01-012021-12-310000814052ifrs-full:LicencesAndFranchisesMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:LicencesAndFranchisesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LicencesAndFranchisesMember2021-12-310000814052ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ComputerSoftwareMember2021-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:CustomerrelatedIntangibleAssetsMember2021-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:BrandNamesMember2021-12-310000814052ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:BrandNamesMember2021-12-310000814052ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:OtherIntangibleAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:OtherIntangibleAssetsMember2021-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2021-12-310000814052ifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMember2021-12-310000814052ifrs-full:LicencesAndFranchisesMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:LicencesAndFranchisesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LicencesAndFranchisesMember2020-12-310000814052ifrs-full:ComputerSoftwareMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:ComputerSoftwareMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ComputerSoftwareMember2020-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:CustomerrelatedIntangibleAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:CustomerrelatedIntangibleAssetsMember2020-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:BrandNamesMember2020-12-310000814052ifrs-full:BrandNamesMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:BrandNamesMember2020-12-310000814052ifrs-full:OtherIntangibleAssetsMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:OtherIntangibleAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:OtherIntangibleAssetsMember2020-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:IntangibleAssetsUnderDevelopmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:IntangibleAssetsUnderDevelopmentMember2020-12-310000814052ifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:GoodwillMember2020-12-310000814052ifrs-full:GoodwillMember2021-01-012021-12-310000814052ifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaSpainMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaBrazilMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaUnitedKingdomMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMemberifrs-full:GoodwillMember2019-12-310000814052ifrs-full:OperatingSegmentsMemberifrs-full:AllOtherSegmentsMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052ifrs-full:GoodwillMember2019-12-310000814052ifrs-full:GoodwillMember2020-01-012020-12-310000814052tef:CancomLtdMemberifrs-full:GoodwillMember2021-01-012021-12-310000814052tef:TelefonicaPeruMembertef:WeightedAverageCostofCapitalMember2021-12-310000814052tef:TelefonicaPeruMembertef:TerminalGrowthRateMember2021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMember2020-06-080000814052tef:TelefonicaGermanyGmbHCoOHGMember2020-06-082020-06-08tef:phase0000814052tef:TelefonicaGermanyGmbHCoOHGMember2020-06-082020-09-010000814052tef:TelefonicaGermanyGmbHCoOHGMember2020-09-022021-08-310000814052tef:TelefonicaGermanyMobilfunkStandortgesellschaftMbHMember2020-06-080000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2020-09-012020-09-010000814052ifrs-full:OperatingSegmentsMembertef:TelefonicaGermanyMemberifrs-full:GoodwillMember2021-08-012021-08-310000814052tef:KKRAlamedaAggregatorLPMemberifrs-full:OperatingSegmentsMembertef:TelefonicaChileS.A.Membertef:InfraCoSpAMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-01-012020-12-310000814052tef:KKRAlamedaAggregatorLPMembertef:TelefonicaChileS.A.Membertef:InfraCoSpAMember2021-07-010000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembercountry:COifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembercountry:COifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembercountry:ECtef:TelefnicaHispamMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembercountry:ECtef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-12-310000814052country:CLifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2021-12-310000814052country:CLifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembercountry:PEtef:TelefnicaHispamMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembercountry:PEtef:TelefnicaHispamMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembercountry:UYifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembercountry:UYifrs-full:GoodwillMember2020-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:OtherTelefonicaHispamCountriesMemberifrs-full:GoodwillMember2021-12-310000814052ifrs-full:OperatingSegmentsMembertef:TelefnicaHispamMembertef:OtherTelefonicaHispamCountriesMemberifrs-full:GoodwillMember2020-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaSpainMembersrt:ScenarioForecastMember2022-01-012023-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaSpainMembersrt:ScenarioForecastMember2022-01-012023-12-310000814052ifrs-full:BottomOfRangeMembersrt:ScenarioForecastMembertef:TelefonicaGermanyMember2022-01-012023-12-310000814052ifrs-full:TopOfRangeMembersrt:ScenarioForecastMembertef:TelefonicaGermanyMember2022-01-012023-12-310000814052tef:TelefonicaGermanyAndTelefonicaUnitedKingdomMember2021-01-012021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMembersrt:ScenarioForecastMember2022-01-012023-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaBrazilMembersrt:ScenarioForecastMember2022-01-012023-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMembersrt:ScenarioForecastMember2021-01-012021-12-310000814052tef:TelefonicaSpainMember2021-12-310000814052tef:TelefonicaSpainMember2020-12-310000814052tef:TelefonicaBrazilMember2021-12-310000814052tef:TelefonicaBrazilMember2020-12-310000814052tef:TelefonicaGermanyMember2021-12-310000814052tef:TelefonicaGermanyMember2020-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaBrazilMember2021-12-310000814052tef:GDPGrowthRateMembertef:TelefonicaBrazilMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:BottomOfRangeMembertef:TelefonicaSpainMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:TopOfRangeMembertef:TelefonicaSpainMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:BottomOfRangeMembertef:TelefonicaGermanyMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:TopOfRangeMembertef:TelefonicaGermanyMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:TopOfRangeMembertef:TelefonicaBrazilMember2021-12-310000814052tef:DiscountRateAppliedToCashFlowProjectionsMemberifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaSpainMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaSpainMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaGermanyMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaGermanyMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaBrazilMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMembertef:GrowthRateUsedToExtrapolateCashFlowProjectionsMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaSpainMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaSpainMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaGermanyMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaGermanyMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaBrazilMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaSpainMembertef:LongTermCapitalExpendituresRatioMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaSpainMembertef:LongTermCapitalExpendituresRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:LongTermCapitalExpendituresRatioMembertef:TelefonicaGermanyMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:LongTermCapitalExpendituresRatioMembertef:TelefonicaGermanyMember2021-12-310000814052ifrs-full:BottomOfRangeMembertef:TelefonicaBrazilMembertef:LongTermCapitalExpendituresRatioMember2021-12-310000814052ifrs-full:TopOfRangeMembertef:TelefonicaBrazilMembertef:LongTermCapitalExpendituresRatioMember2021-12-310000814052tef:TelefonicaPeruMembertef:WeightedAverageCostofCapitalMember2021-01-012021-12-310000814052tef:TelefonicaPeruMembertef:TerminalGrowthRateMember2021-01-012021-12-310000814052tef:TelefonicaPeruMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-12-310000814052tef:TelefonicaPeruMembertef:OperatingIncomebeforeDepreciationandAmortizationRatioMember2021-01-012021-12-310000814052tef:InvestmentSalesRatioMembertef:TelefonicaPeruMember2021-12-310000814052tef:InvestmentSalesRatioMembertef:TelefonicaPeruMember2021-01-012021-12-310000814052ifrs-full:LandAndBuildingsMember2020-12-310000814052ifrs-full:LandAndBuildingsMember2021-01-012021-12-310000814052ifrs-full:LandAndBuildingsMember2021-12-310000814052ifrs-full:MachineryMember2020-12-310000814052ifrs-full:MachineryMember2021-01-012021-12-310000814052ifrs-full:MachineryMember2021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMember2020-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMember2021-01-012021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMember2021-12-310000814052ifrs-full:ConstructionInProgressMember2020-12-310000814052ifrs-full:ConstructionInProgressMember2021-01-012021-12-310000814052ifrs-full:ConstructionInProgressMember2021-12-310000814052ifrs-full:LandAndBuildingsMember2019-12-310000814052ifrs-full:LandAndBuildingsMember2020-01-012020-12-310000814052ifrs-full:MachineryMember2019-12-310000814052ifrs-full:MachineryMember2020-01-012020-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMember2019-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMember2020-01-012020-12-310000814052ifrs-full:ConstructionInProgressMember2019-12-310000814052ifrs-full:ConstructionInProgressMember2020-01-012020-12-31tef:premisetef:city0000814052tef:TelefonicaMexicoMember2021-01-012021-12-310000814052tef:TelefonicaMexicoMember2020-01-012020-12-310000814052tef:TelefonicaArgentinaMember2020-01-012020-12-310000814052tef:TelefonicaMovilesElSalvadorS.A.deC.V.Member2021-01-012021-12-310000814052tef:NabiaxMember2021-01-012021-12-310000814052tef:TelxiusGroupMember2020-01-012020-12-310000814052tef:CancomLtdMember2021-01-012021-12-310000814052tef:InfraCoSpAMember2021-01-012021-12-310000814052tef:TelefonicaGermanyMember2021-01-012021-12-310000814052country:EStef:TelefonicaInfraSLMembertef:AsterionIndustrialPartnersSGEICMember2021-12-31tef:data_center0000814052tef:DataCentersMembertef:InfraCoSpAMember2021-01-012021-12-310000814052tef:DataCentersMembertef:TelefonicaGermanyMember2021-01-012021-12-310000814052ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LandAndBuildingsMember2021-12-310000814052ifrs-full:MachineryMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:MachineryMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:MachineryMember2021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:OtherPropertyPlantAndEquipmentMember2021-12-310000814052ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ConstructionInProgressMember2021-12-310000814052ifrs-full:LandAndBuildingsMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:LandAndBuildingsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LandAndBuildingsMember2020-12-310000814052ifrs-full:MachineryMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:MachineryMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:MachineryMember2020-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:OtherPropertyPlantAndEquipmentMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:OtherPropertyPlantAndEquipmentMember2020-12-310000814052ifrs-full:ConstructionInProgressMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:ConstructionInProgressMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ConstructionInProgressMember2020-12-310000814052ifrs-full:LandMember2020-12-310000814052ifrs-full:LandMember2021-01-012021-12-310000814052ifrs-full:LandMember2021-12-310000814052ifrs-full:BuildingsMember2020-12-310000814052ifrs-full:BuildingsMember2021-01-012021-12-310000814052ifrs-full:BuildingsMember2021-12-310000814052tef:PlantandMachineryMember2020-12-310000814052tef:PlantandMachineryMember2021-01-012021-12-310000814052tef:PlantandMachineryMember2021-12-310000814052ifrs-full:OtherAssetsMember2020-12-310000814052ifrs-full:OtherAssetsMember2021-01-012021-12-310000814052ifrs-full:OtherAssetsMember2021-12-310000814052ifrs-full:LandMember2019-12-310000814052ifrs-full:LandMember2020-01-012020-12-310000814052ifrs-full:BuildingsMember2019-12-310000814052ifrs-full:BuildingsMember2020-01-012020-12-310000814052tef:PlantandMachineryMember2019-12-310000814052tef:PlantandMachineryMember2020-01-012020-12-310000814052ifrs-full:OtherAssetsMember2019-12-310000814052ifrs-full:OtherAssetsMember2020-01-012020-12-310000814052tef:TelxiusGroupMember2021-01-012021-12-310000814052tef:TelefonicaMovilesElSalvadorS.A.deC.V.Member2021-01-012021-12-310000814052tef:TelefonicaMexicoMember2021-01-012021-12-310000814052tef:TelefonicaMexicoMember2020-01-012020-12-310000814052ifrs-full:LandMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:LandMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:BuildingsMember2021-12-310000814052ifrs-full:BuildingsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052tef:PlantandMachineryMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052tef:PlantandMachineryMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:OtherAssetsMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:OtherAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2021-12-310000814052ifrs-full:LandMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:LandMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:BuildingsMember2020-12-310000814052ifrs-full:BuildingsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052tef:PlantandMachineryMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:PlantandMachineryMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052ifrs-full:OtherAssetsMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:OtherAssetsMemberifrs-full:AccumulatedDepreciationAndAmortisationMember2020-12-310000814052tef:VMEDO2UKLtdMember2021-01-012021-12-310000814052tef:VMEDO2UKLtdMember2020-12-310000814052tef:VMEDO2UKLtdMember2020-01-012020-12-310000814052tef:VMEDO2UKLtdMember2019-01-012019-12-310000814052tef:ProsegurAlarmasEspaaSLMember2021-01-012021-12-310000814052tef:ProsegurAlarmasEspaaSLMember2021-12-310000814052tef:ProsegurAlarmasEspaaSLMember2020-12-310000814052tef:ProsegurAlarmasEspaaSLMember2020-01-012020-12-310000814052tef:ProsegurAlarmasEspaaSLMember2019-01-012019-12-310000814052tef:FiBrasilInfraestructuraEFibraOticaSAMember2021-01-012021-12-310000814052tef:FiBrasilInfraestructuraEFibraOticaSAMember2021-12-310000814052tef:FiBrasilInfraestructuraEFibraOticaSAMember2020-12-310000814052tef:FiBrasilInfraestructuraEFibraOticaSAMember2020-01-012020-12-310000814052tef:FiBrasilInfraestructuraEFibraOticaSAMember2019-01-012019-12-310000814052tef:UnsereGrneGlasfaserGmbHCoKGMember2021-01-012021-12-310000814052tef:UnsereGrneGlasfaserGmbHCoKGMember2021-12-310000814052tef:UnsereGrneGlasfaserGmbHCoKGMember2020-12-310000814052tef:UnsereGrneGlasfaserGmbHCoKGMember2020-01-012020-12-310000814052tef:UnsereGrneGlasfaserGmbHCoKGMember2019-01-012019-12-310000814052tef:AdquiraEspanaSAMember2021-01-012021-12-310000814052tef:AdquiraEspanaSAMember2021-12-310000814052tef:AdquiraEspanaSAMember2020-12-310000814052tef:AdquiraEspanaSAMember2020-01-012020-12-310000814052tef:AdquiraEspanaSAMember2019-01-012019-12-310000814052tef:OtherJointVenturesMember2021-12-310000814052tef:OtherJointVenturesMember2020-12-310000814052tef:OtherJointVenturesMember2021-01-012021-12-310000814052tef:OtherJointVenturesMember2020-01-012020-12-310000814052tef:OtherJointVenturesMember2019-01-012019-12-310000814052tef:NabiaxMember2021-12-310000814052tef:NabiaxMember2020-12-310000814052tef:NabiaxMember2020-01-012020-12-310000814052tef:NabiaxMember2019-01-012019-12-310000814052tef:InfraCoSpAMember2021-01-012021-12-310000814052tef:InfraCoSpAMember2021-12-310000814052tef:InfraCoSpAMember2020-12-310000814052tef:InfraCoSpAMember2020-01-012020-12-310000814052tef:InfraCoSpAMember2019-01-012019-12-310000814052tef:InternetParaTodosSACMember2021-01-012021-12-310000814052tef:InternetParaTodosSACMember2021-12-310000814052tef:InternetParaTodosSACMember2020-12-310000814052tef:InternetParaTodosSACMember2020-01-012020-12-310000814052tef:InternetParaTodosSACMember2019-01-012019-12-310000814052tef:TelefonicaFactoringEspanaSAMember2021-01-012021-12-310000814052tef:TelefonicaFactoringEspanaSAMember2021-12-310000814052tef:TelefonicaFactoringEspanaSAMember2020-12-310000814052tef:TelefonicaFactoringEspanaSAMember2020-01-012020-12-310000814052tef:TelefonicaFactoringEspanaSAMember2019-01-012019-12-310000814052tef:TelefonicaFactoringDoBrasilLtdMember2021-01-012021-12-310000814052tef:TelefonicaFactoringDoBrasilLtdMember2021-12-310000814052tef:TelefonicaFactoringDoBrasilLtdMember2020-12-310000814052tef:TelefonicaFactoringDoBrasilLtdMember2020-01-012020-12-310000814052tef:TelefonicaFactoringDoBrasilLtdMember2019-01-012019-12-310000814052tef:TelefonicaFactoringPeruSACMember2021-01-012021-12-310000814052tef:TelefonicaFactoringPeruSACMember2021-12-310000814052tef:TelefonicaFactoringPeruSACMember2020-12-310000814052tef:TelefonicaFactoringPeruSACMember2020-01-012020-12-310000814052tef:TelefonicaFactoringPeruSACMember2019-01-012019-12-310000814052tef:TelefonicaFactoringColombiaSAMember2021-01-012021-12-310000814052tef:TelefonicaFactoringColombiaSAMember2021-12-310000814052tef:TelefonicaFactoringColombiaSAMember2020-12-310000814052tef:TelefonicaFactoringColombiaSAMember2020-01-012020-12-310000814052tef:TelefonicaFactoringColombiaSAMember2019-01-012019-12-310000814052tef:TelefonicaFactoringMexicoSAdeCVSOFOMENRMember2021-01-012021-12-310000814052tef:TelefonicaFactoringMexicoSAdeCVSOFOMENRMember2021-12-310000814052tef:TelefonicaFactoringMexicoSAdeCVSOFOMENRMember2020-12-310000814052tef:TelefonicaFactoringMexicoSAdeCVSOFOMENRMember2020-01-012020-12-310000814052tef:TelefonicaFactoringMexicoSAdeCVSOFOMENRMember2019-01-012019-12-310000814052tef:TelefonicaFactoringChileSpAMember2021-01-012021-12-310000814052tef:TelefonicaFactoringChileSpAMember2021-12-310000814052tef:TelefonicaFactoringChileSpAMember2020-12-310000814052tef:TelefonicaFactoringChileSpAMember2020-01-012020-12-310000814052tef:TelefonicaFactoringChileSpAMember2019-01-012019-12-310000814052tef:TelefonicaFactoringEcuadorSAMember2021-01-012021-12-310000814052tef:TelefonicaFactoringEcuadorSAMember2021-12-310000814052tef:TelefonicaFactoringEcuadorSAMember2020-12-310000814052tef:TelefonicaFactoringEcuadorSAMember2020-01-012020-12-310000814052tef:TelefonicaFactoringEcuadorSAMember2019-01-012019-12-310000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2021-01-012021-12-310000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2021-12-310000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2020-12-310000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2020-01-012020-12-310000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2019-01-012019-12-310000814052tef:MovistarConsumerFinanceColombiaSASMember2021-01-012021-12-310000814052tef:MovistarConsumerFinanceColombiaSASMember2021-12-310000814052tef:MovistarConsumerFinanceColombiaSASMember2020-12-310000814052tef:MovistarConsumerFinanceColombiaSASMember2020-01-012020-12-310000814052tef:MovistarConsumerFinanceColombiaSASMember2019-01-012019-12-310000814052tef:OtherAssociatesMember2021-12-310000814052tef:OtherAssociatesMember2020-12-310000814052tef:OtherAssociatesMember2021-01-012021-12-310000814052tef:OtherAssociatesMember2020-01-012020-12-310000814052tef:OtherAssociatesMember2019-01-012019-12-310000814052tef:AssociatesandJointVenturesMember2019-12-310000814052tef:AssociatesandJointVenturesMember2020-01-012020-12-310000814052tef:AssociatesandJointVenturesMember2020-12-310000814052tef:AssociatesandJointVenturesMember2021-01-012021-12-310000814052tef:AssociatesandJointVenturesMember2021-12-310000814052tef:TescoMobileLtdMember2020-01-012020-12-310000814052tef:InfraCoSpAMember2021-07-310000814052tef:InfraCoSpAMember2021-07-012021-07-310000814052tef:DaytonaMidcoSLUMember2021-07-310000814052tef:DaytonaMidcoSLUMember2021-07-012021-07-310000814052tef:VMEDO2UKLtdMember2021-12-012021-12-310000814052ifrs-full:BottomOfRangeMembersrt:ScenarioForecastMember2021-06-012023-12-310000814052ifrs-full:TopOfRangeMembersrt:ScenarioForecastMember2021-06-012023-12-310000814052tef:VMEDO2UKLtdMember2021-12-312021-12-310000814052tef:PurchaseCommitmentsMemberifrs-full:NotLaterThanOneYearMembertef:VMEDO2UKLtdMember2021-12-310000814052tef:PurchaseCommitmentsMembertef:VMEDO2UKLtdMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052tef:PurchaseCommitmentsMembertef:VMEDO2UKLtdMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:PurchaseCommitmentsMembertef:VMEDO2UKLtdMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052tef:PurchaseCommitmentsMemberifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:VMEDO2UKLtdMember2021-12-310000814052tef:PurchaseCommitmentsMembertef:VMEDO2UKLtdMemberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:PurchaseCommitmentsMembertef:VMEDO2UKLtdMember2021-12-310000814052ifrs-full:NotLaterThanOneYearMembertef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:ProgrammingCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMemberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:ProgrammingCommitmentsMember2021-12-310000814052ifrs-full:NotLaterThanOneYearMembertef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:NetworkAndConnectivityCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMemberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:NetworkAndConnectivityCommitmentsMember2021-12-310000814052ifrs-full:NotLaterThanOneYearMembertef:VMEDO2UKLtdMembertef:OtherCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:OtherCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:OtherCommitmentsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:OtherCommitmentsMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:VMEDO2UKLtdMembertef:OtherCommitmentsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:OtherCommitmentsMemberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:OtherCommitmentsMember2021-12-310000814052ifrs-full:NotLaterThanOneYearMembertef:VMEDO2UKLtdMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:VMEDO2UKLtdMember2021-12-310000814052tef:VMEDO2UKLtdMemberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:AssociatesandJointVenturesMember2021-12-310000814052tef:VMEDO2UKLtdMembertef:AssociatesandJointVenturesMember2021-01-012021-12-310000814052tef:VMEDO2UKLtdMembertef:O2HoldingsLtdMember2021-12-310000814052tef:ProsegurSolucionesSAUMembertef:MovistarProsegurAlarmasSLMember2021-07-310000814052tef:ProsegurSolucionesSAUMembertef:MovistarProsegurAlarmasSLMember2021-12-310000814052tef:ProsegurSolucionesSAUMembertef:MovistarProsegurAlarmasSLMember2021-01-012021-12-310000814052tef:TelefonicaInfraSLMembertef:FiBrasilInfraestructuraEFibraOticaSAMember2021-07-022021-07-020000814052ifrs-full:TopOfRangeMembertef:TelefonicaInfraSLMembertef:FiBrasilInfraestructuraEFibraOticaSAMember2021-07-022021-07-020000814052tef:TelefonicaBrasilSAAndFiBrasilInfraestructuraEFibraOticaSAMembertef:CaisseDeDepotEtPlacementDuQuebecMembertef:FiBrasilInfraestructuraEFibraOticaSAMember2021-07-022021-07-020000814052tef:TelefonicaBrasilSAAndFiBrasilInfraestructuraEFibraOticaSAMembertef:TelefonicaInfraSLMembertef:FiBrasilInfraestructuraEFibraOticaSAMember2021-07-022021-07-020000814052ifrs-full:AssociatesMember2021-12-310000814052ifrs-full:JointVenturesWhereEntityIsVenturerMember2021-12-310000814052ifrs-full:AssociatesMember2020-12-310000814052ifrs-full:JointVenturesWhereEntityIsVenturerMember2020-12-310000814052ifrs-full:AssociatesMember2021-01-012021-12-310000814052ifrs-full:JointVenturesWhereEntityIsVenturerMember2021-01-012021-12-310000814052ifrs-full:AssociatesMember2020-01-012020-12-310000814052ifrs-full:JointVenturesWhereEntityIsVenturerMember2020-01-012020-12-310000814052ifrs-full:AssociatesMember2019-01-012019-12-310000814052ifrs-full:JointVenturesWhereEntityIsVenturerMember2019-01-012019-12-310000814052tef:AssociatesandJointVenturesMember2019-01-012019-12-310000814052tef:TelefonicaChileS.A.Membertef:InfraCoSpAMember2021-12-310000814052tef:TescoMobileLtdMember2021-01-012021-05-310000814052tef:TescoMobileLtdMember2020-01-012020-12-310000814052tef:TescoMobileLtdMember2019-01-012019-12-310000814052tef:Blackrockinc.Member2021-01-012021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2021-01-012021-12-310000814052tef:CaixabankMember2021-01-012021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2021-01-012021-12-310000814052tef:CaixabankMember2021-01-012021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2020-01-012020-12-310000814052tef:BancoBilbaoVizcayaArgentariaMemberifrs-full:DerivativesMember2021-12-310000814052tef:CaixabankMemberifrs-full:DerivativesMember2021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMemberifrs-full:DerivativesMember2020-12-310000814052tef:CaixabankMemberifrs-full:DerivativesMember2020-12-310000814052tef:BancoBilbaoVizcayaArgentariaMemberifrs-full:DerivativesMember2021-01-012021-12-310000814052tef:CaixabankMemberifrs-full:DerivativesMember2021-01-012021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMemberifrs-full:DerivativesMember2020-01-012020-12-310000814052tef:CaixabankMemberifrs-full:DerivativesMember2020-01-012020-12-310000814052tef:CaixabankMember2020-01-012020-12-310000814052tef:TelefonicaDigitalEspanaMembertef:MovistarConsumerFinanceColombiaSASMember2021-01-052021-01-050000814052tef:TelefonicaConsumerFinanceEstablecimientoFinancierodeCreditoSAMember2021-01-012021-12-310000814052tef:AdquiraEspanaSAMembertef:BancoBilbaoVizcayaArgentariaMember2021-01-012021-12-310000814052tef:TelefonicaFactoringEspanaSAMember2021-01-012021-12-310000814052tef:AssociatesAndJointVenturesInWhichBBVAAndCaixabankHoldInterestMember2021-12-310000814052tef:AssociatesAndJointVenturesInWhichBBVAAndCaixabankHoldInterestMember2020-12-310000814052tef:AssociatesAndJointVenturesInWhichBBVAAndCaixabankHoldInterestMember2021-01-012021-12-310000814052tef:AssociatesAndJointVenturesInWhichBBVAAndCaixabankHoldInterestMember2020-01-012020-12-310000814052tef:GlobalDominionAccessGroupMember2021-01-012021-12-310000814052ifrs-full:EquityInvestmentsMember2021-12-310000814052ifrs-full:EquityInvestmentsMember2020-12-310000814052tef:ReceivablesforIndirectTaxesMember2021-12-310000814052tef:ReceivablesforIndirectTaxesMember2020-12-310000814052tef:NoncurrentCreditsMember2021-12-310000814052tef:NoncurrentCreditsMember2020-12-310000814052tef:DepositsAndGuaranteesMember2021-12-310000814052tef:DepositsAndGuaranteesMember2020-12-310000814052ifrs-full:TradeReceivablesMember2021-12-310000814052ifrs-full:TradeReceivablesMember2020-12-310000814052tef:ReceivablesforSubleasesMember2021-12-310000814052tef:ReceivablesforSubleasesMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMember2020-12-310000814052ifrs-full:DerivativesMember2021-12-310000814052ifrs-full:DerivativesMember2020-12-310000814052ifrs-full:EquityInvestmentsMember2019-12-310000814052tef:ReceivablesforIndirectTaxesMember2019-12-310000814052tef:NoncurrentCreditsMember2019-12-310000814052tef:DepositsAndGuaranteesMember2019-12-310000814052ifrs-full:TradeReceivablesMember2019-12-310000814052tef:ReceivablesforSubleasesMember2019-12-310000814052ifrs-full:FinancialAssetsImpairedMember2019-12-310000814052ifrs-full:EquityInvestmentsMember2020-01-012020-12-310000814052tef:ReceivablesforIndirectTaxesMember2020-01-012020-12-310000814052tef:NoncurrentCreditsMember2020-01-012020-12-310000814052tef:DepositsAndGuaranteesMember2020-01-012020-12-310000814052ifrs-full:TradeReceivablesMember2020-01-012020-12-310000814052tef:ReceivablesforSubleasesMember2020-01-012020-12-310000814052ifrs-full:FinancialAssetsImpairedMember2020-01-012020-12-310000814052ifrs-full:EquityInvestmentsMember2021-01-012021-12-310000814052tef:ReceivablesforIndirectTaxesMember2021-01-012021-12-310000814052tef:NoncurrentCreditsMember2021-01-012021-12-310000814052tef:DepositsAndGuaranteesMember2021-01-012021-12-310000814052ifrs-full:TradeReceivablesMember2021-01-012021-12-310000814052tef:ReceivablesforSubleasesMember2021-01-012021-12-310000814052ifrs-full:FinancialAssetsImpairedMember2021-01-012021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2021-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2020-12-310000814052tef:BancoBilbaoVizcayaArgentariaMember2021-01-012021-12-310000814052tef:ChinaUnicomBroadbanOnlineLimitedCorp.Member2020-01-012020-12-310000814052tef:ChinaUnicomBroadbanOnlineLimitedCorp.Member2021-01-012021-12-310000814052tef:ChinaUnicomBroadbanOnlineLimitedCorp.Member2021-12-310000814052tef:ChinaUnicomBroadbanOnlineLimitedCorp.Member2020-12-310000814052tef:PromotoraDeInformacionesSAMember2020-01-012020-12-310000814052tef:PromotoraDeInformacionesSAMember2021-01-012021-12-310000814052tef:PromotoraDeInformacionesSAMember2021-12-310000814052tef:PromotoraDeInformacionesSAMember2020-12-310000814052tef:TelefonicaBrasilS.A.Member2019-12-310000814052tef:TelefonicaBrasilS.A.Member2020-01-012020-12-310000814052tef:TelefonicaBrasilS.A.Member2021-12-310000814052tef:SpireNotesMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelxiusTowersMember2021-01-012021-12-310000814052tef:TelefonicaUnitedKingdomMembertef:NoncurrentCreditsMember2020-01-012020-12-310000814052tef:TelefonicaBrasilS.A.Member2020-12-310000814052ifrs-full:GuaranteesMember2021-12-310000814052ifrs-full:CurrencySwapContractMember2021-12-310000814052ifrs-full:GuaranteesMember2020-12-310000814052ifrs-full:CurrencySwapContractMember2020-12-310000814052tef:TelefonicaEmisionesS.A.U.Member2021-01-012021-12-31tef:bond0000814052tef:TelefonicaEmisionesS.A.U.Member2021-12-310000814052tef:TelefonicaEmisionesS.A.U.Member2020-01-012020-12-310000814052tef:TelefonicaEmisionesS.A.U.Member2020-12-310000814052tef:ItalianGovernmentMember2021-01-012021-12-310000814052tef:ItalianGovernmentMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaGermanyMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaGermanyMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaUnitedKingdomMember2020-01-012020-12-310000814052ifrs-full:GovernmentMember2021-12-310000814052ifrs-full:GovernmentMember2020-12-310000814052tef:UnbilledMember2021-12-310000814052tef:UnbilledMember2020-12-310000814052ifrs-full:CurrentMember2021-12-310000814052ifrs-full:CurrentMember2020-12-310000814052ifrs-full:NotLaterThanThreeMonthsMember2021-12-310000814052ifrs-full:NotLaterThanThreeMonthsMember2020-12-310000814052ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember2021-12-310000814052ifrs-full:LaterThanThreeMonthsAndNotLaterThanSixMonthsMember2020-12-310000814052ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember2021-12-310000814052ifrs-full:LaterThanSixMonthsAndNotLaterThanOneYearMember2020-12-310000814052ifrs-full:LaterThanOneYearMember2021-12-310000814052ifrs-full:LaterThanOneYearMember2020-12-310000814052tef:CurrentCreditsMember2021-12-310000814052tef:CurrentCreditsMember2020-12-310000814052tef:OtherCurrentFinancialAssetsMember2021-12-310000814052tef:OtherCurrentFinancialAssetsMember2020-12-310000814052tef:CurrentCreditsBankDepositsMember2021-01-012021-12-310000814052tef:CurrentCreditsBankDepositsMember2021-12-310000814052tef:CurrentCreditsBankDepositsMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaBrazilMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaBrazilMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaMovilesChileS.A.Member2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaMovilesChileS.A.Member2021-01-012021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaS.A.Member2021-12-310000814052tef:OtherCurrentFinancialAssetsShortTermInvestmentsMember2021-12-310000814052tef:OtherCurrentFinancialAssetsShortTermInvestmentsMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMembertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMember2021-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:HedgeInstrumentsMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2021-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:HedgeInstrumentsMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMember2021-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMembertef:OtherFinancialAssetsMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052ifrs-full:DebtSecuritiesMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:TelefonicaSAMembertef:EquityinstrumentsMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:HedgeInstrumentsMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMembertef:OtherFinancialAssetsMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMembertef:OtherFinancialAssetsMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:TelefonicaSAMembertef:OtherFinancialAssetsMember2021-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2021-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052ifrs-full:DebtSecuritiesMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMembertef:EquityinstrumentsMember2021-12-310000814052tef:HedgeInstrumentsMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2021-12-310000814052tef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2020-12-310000814052tef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMembertef:TelefonicaSAMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2020-12-310000814052tef:TelefonicaSAMember2020-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:EquityInvestmentsMembertef:TelefonicaSAMember2020-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052tef:NoncurrentCreditsMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:HedgeInstrumentsMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052tef:DepositsAndGuaranteesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2020-12-310000814052tef:DepositsAndGuaranteesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:DebtSecuritiesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:HedgeInstrumentsMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:TradeReceivablesMemberifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:TradeReceivablesMembertef:TelefonicaSAMember2020-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052tef:ReceivablesforSubleasesMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMemberifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052ifrs-full:FinancialAssetsImpairedMembertef:TelefonicaSAMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMembertef:OtherFinancialAssetsMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052ifrs-full:DebtSecuritiesMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:TelefonicaSAMembertef:EquityinstrumentsMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:HedgeInstrumentsMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMembertef:OtherFinancialAssetsMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMembertef:OtherFinancialAssetsMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:TelefonicaSAMembertef:OtherFinancialAssetsMember2020-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember2020-12-310000814052ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052ifrs-full:DebtSecuritiesMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMembertef:EquityinstrumentsMember2020-12-310000814052tef:HedgeInstrumentsMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMemberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialAssetsAtAmortisedCostCategoryMembertef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052tef:CashAndCashEquivalents1Membertef:TelefonicaSAMember2020-12-310000814052ifrs-full:OrdinarySharesMember2021-12-310000814052ifrs-full:IssuedCapitalMember2021-04-232021-04-230000814052ifrs-full:TreasurySharesMember2021-04-232021-04-230000814052ifrs-full:TreasurySharesMember2021-04-230000814052ifrs-full:IssuedCapitalMember2021-04-230000814052ifrs-full:OrdinarySharesMember2021-04-230000814052ifrs-full:SharePremiumMember2021-04-232021-04-230000814052ifrs-full:IssuedCapitalMember2021-06-222021-06-220000814052ifrs-full:OrdinarySharesMember2021-06-220000814052ifrs-full:IssuedCapitalMember2021-06-2200008140522021-11-030000814052ifrs-full:IssuedCapitalMember2021-12-232021-12-230000814052ifrs-full:OrdinarySharesMember2021-12-230000814052ifrs-full:IssuedCapitalMember2021-12-230000814052ifrs-full:OrdinarySharesMember2020-12-310000814052ifrs-full:IssuedCapitalMember2020-07-082020-07-080000814052ifrs-full:OrdinarySharesMember2020-07-080000814052ifrs-full:IssuedCapitalMember2020-07-080000814052ifrs-full:IssuedCapitalMember2020-12-302020-12-300000814052ifrs-full:IssuedCapitalMember2020-12-300000814052ifrs-full:OrdinarySharesMember2020-06-1200008140522021-12-232021-12-230000814052ifrs-full:OrdinarySharesMember2021-04-232021-04-2300008140522021-04-23tef:tranche0000814052ifrs-full:OrdinarySharesMember2021-06-012021-06-300000814052ifrs-full:OrdinarySharesMember2021-12-012021-12-3100008140522021-05-262021-05-260000814052ifrs-full:OrdinarySharesMember2021-05-260000814052ifrs-full:OrdinarySharesMember2021-06-172021-06-170000814052ifrs-full:OrdinarySharesMember2021-06-232021-12-31tef:allotmentRight0000814052ifrs-full:OrdinarySharesMember2021-11-030000814052ifrs-full:OrdinarySharesMember2021-12-172021-12-170000814052ifrs-full:OrdinarySharesMember2021-12-232021-12-230000814052ifrs-full:OrdinarySharesMember2020-06-122020-06-1200008140522020-06-120000814052ifrs-full:OrdinarySharesMember2020-06-012020-06-300000814052ifrs-full:OrdinarySharesMember2020-12-012020-12-310000814052ifrs-full:OrdinarySharesMember2020-07-032020-07-030000814052ifrs-full:OrdinarySharesMember2020-07-012020-12-310000814052ifrs-full:OrdinarySharesMember2020-06-300000814052ifrs-full:OrdinarySharesMember2020-12-040000814052ifrs-full:OrdinarySharesMember2020-12-042020-12-040000814052ifrs-full:OrdinarySharesMember2019-06-072019-06-0700008140522019-06-070000814052ifrs-full:OrdinarySharesMember2019-06-202019-06-200000814052ifrs-full:OrdinarySharesMember2019-12-192019-12-190000814052ifrs-full:FixedInterestRateMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2028Issued11242021Member2021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2028Issued11242021Member2020-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2028Issued11242021Member2021-01-012021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2028Issued11242021Member2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2029Issued02122021Memberifrs-full:FixedInterestRateMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2029Issued02122021Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2029Issued02122021Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2029Issued02122021Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2027Issued020520Memberifrs-full:FixedInterestRateMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2027Issued020520Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2027Issued020520Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2027Issued020520Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:FixedInterestRateMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2027Issued092419Member2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2027Issued092419Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2027Issued092419Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2027Issued092419Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:FixedInterestRateMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2025Issued031419Member2021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2025Issued031419Member2020-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2025Issued031419Member2021-01-012021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2025Issued031419Member2021-12-310000814052ifrs-full:FixedInterestRateMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued032218Member2021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued032218Member2020-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued032218Member2021-01-012021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued032218Member2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2026Memberifrs-full:FixedInterestRateMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2026Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2026Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2026Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued120717Memberifrs-full:FixedInterestRateMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued120717Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued120717Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2023Issued120717Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2022Memberifrs-full:FixedInterestRateMember2021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2022Memberifrs-full:GrossCarryingAmountMember2020-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2022Memberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052tef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerin2022Memberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:FixedInterestRateMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2024Member2021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2024Member2020-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2024Member2021-01-012021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:UndatedDeeplySubordinatedSecuritiesExercisableFromIssuerIn2024Member2021-12-310000814052ifrs-full:GrossCarryingAmountMembertef:TermDebtMember2020-12-310000814052ifrs-full:GrossCarryingAmountMembertef:TermDebtMember2021-12-310000814052tef:SubordinatedSecuritiesIssuedFebruary2021Memberifrs-full:GrossCarryingAmountMember2021-02-280000814052tef:TelefonicaEuropeB.V.Member2021-02-012021-02-280000814052tef:TelefonicaEuropeB.V.Member2021-06-012021-07-310000814052tef:TelefonicaEuropeB.V.Member2021-09-012021-09-300000814052tef:SubordinatedSecuritiesIssuedNovember2021Memberifrs-full:GrossCarryingAmountMember2021-11-300000814052tef:TelefonicaEuropeB.V.Member2021-11-012021-11-300000814052currency:BRL2021-12-310000814052currency:BRL2020-12-310000814052currency:BRL2019-12-310000814052currency:GBP2021-12-310000814052currency:GBP2020-12-310000814052currency:GBP2019-12-310000814052currency:VES2021-12-310000814052currency:VES2020-12-310000814052currency:VES2019-12-310000814052currency:ARS2021-12-310000814052currency:ARS2020-12-310000814052currency:ARS2019-12-310000814052tef:OtherCurrenciesMember2021-12-310000814052tef:OtherCurrenciesMember2020-12-310000814052tef:OtherCurrenciesMember2019-12-310000814052tef:TelxiusTowersMember2021-01-012021-12-310000814052tef:TelefonicaDeCostaRicaMember2021-01-012021-12-310000814052tef:AssociatesandJointVenturesMembertef:ProsegurAlarmasEspaaSLMember2020-02-280000814052tef:AssociatesandJointVenturesMembertef:ProsegurAlarmasEspaaSLMember2020-02-282020-02-280000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2020-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2021-01-012021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2021-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2020-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2021-01-012021-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2021-01-012021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2021-01-012021-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2021-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2020-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2021-01-012021-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2021-01-012021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2019-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2020-01-012020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2020-01-012020-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2019-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2020-01-012020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2020-01-012020-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2020-01-012020-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2019-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2020-01-012020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2019-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2020-01-012020-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2018-12-310000814052tef:TelefonicaBrazilMemberifrs-full:NoncontrollingInterestsMember2019-01-012019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2018-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaDeutschlandHoldingMember2019-01-012019-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2018-12-310000814052tef:ColombiaTelecomunicacionesMemberifrs-full:NoncontrollingInterestsMember2019-01-012019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2018-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelefonicaCentroamericanaInversionesMember2019-01-012019-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2018-12-310000814052ifrs-full:NoncontrollingInterestsMembertef:TelxiusTelecomMember2019-01-012019-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2018-12-310000814052tef:OTHERMemberifrs-full:NoncontrollingInterestsMember2019-01-012019-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2018-12-310000814052tef:TelefonicaS.A.Memberifrs-full:NoncontrollingInterestsMember2019-01-012019-12-310000814052tef:TelxiusTowersGermanyGmbhMember2020-01-012020-12-310000814052tef:TelefonicaMovilesGuatemalaMember2019-01-012019-12-310000814052tef:TelefonicaCelulardeNicaraguaMember2019-01-012019-12-310000814052tef:TelefonicaMovilesPanamaMember2019-01-012019-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2021-01-012021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2020-01-012020-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2019-01-012019-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2020-12-310000814052tef:ColombiaTelecomunicacionesSAESPMember2019-12-310000814052tef:TelxiusTelecomSAMember2021-01-012021-12-310000814052tef:TelxiusTelecomSAMember2020-01-012020-12-310000814052tef:TelxiusTelecomSAMember2019-01-012019-12-310000814052tef:TelxiusTelecomSAMember2021-12-310000814052tef:TelxiusTelecomSAMember2020-12-310000814052tef:TelxiusTelecomSAMember2019-12-310000814052tef:TelefonicaBrazilMember2021-01-012021-12-310000814052tef:TelefonicaBrazilMember2020-01-012020-12-310000814052tef:TelefonicaBrazilMember2019-01-012019-12-310000814052tef:TelefonicaGermanyMember2021-01-012021-12-310000814052tef:TelefonicaGermanyMember2020-01-012020-12-310000814052tef:TelefonicaGermanyMember2019-01-012019-12-310000814052ifrs-full:NotLaterThanOneYearMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:LaterThanFiveYearsMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:LaterThanOneYearMember2021-12-310000814052ifrs-full:NotLaterThanOneYearMember2021-12-310000814052ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember2021-12-310000814052ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember2021-12-310000814052ifrs-full:LaterThanFiveYearsMember2021-12-310000814052ifrs-full:DerivativesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMembertef:DebtIssuancesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMembertef:DebtIssuancesMember2021-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMembertef:DebtIssuancesMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMembertef:DebtIssuancesMember2021-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2021-12-310000814052tef:TelefonicaS.A.Membertef:DebtIssuancesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMembertef:LoansAndOtherPayablesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMembertef:LoansAndOtherPayablesMember2021-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMembertef:LoansAndOtherPayablesMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMembertef:LoansAndOtherPayablesMember2021-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2021-12-310000814052tef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMember2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2021-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:DerivativesMembertef:TelefonicaS.A.Member2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Member2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:DerivativesMembertef:TelefonicaS.A.Member2021-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMember2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2021-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMember2021-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMember2021-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Member2021-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMembertef:DebtIssuancesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMembertef:DebtIssuancesMember2020-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMembertef:DebtIssuancesMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMembertef:DebtIssuancesMember2020-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Membertef:DebtIssuancesMember2020-12-310000814052tef:TelefonicaS.A.Membertef:DebtIssuancesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMembertef:LoansAndOtherPayablesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMembertef:LoansAndOtherPayablesMember2020-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMembertef:LoansAndOtherPayablesMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMembertef:LoansAndOtherPayablesMember2020-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2020-12-310000814052tef:TelefonicaS.A.Membertef:LoansAndOtherPayablesMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMember2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2020-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMemberifrs-full:DerivativesMembertef:TelefonicaS.A.Member2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Member2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMemberifrs-full:DerivativesMembertef:TelefonicaS.A.Member2020-12-310000814052ifrs-full:DerivativesMembertef:TelefonicaS.A.Member2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossThatMeetDefinitionOfHeldForTradingCategoryMember2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember2020-12-310000814052tef:FinancialLiabilitiesAtFairValueThroughOtherComprehensiveIncomeCategoryMembertef:TelefonicaS.A.Member2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level1OfFairValueHierarchyMember2020-12-310000814052ifrs-full:Level2OfFairValueHierarchyMembertef:TelefonicaS.A.Member2020-12-310000814052tef:TelefonicaS.A.Memberifrs-full:Level3OfFairValueHierarchyMember2020-12-310000814052ifrs-full:FinancialLiabilitiesAtAmortisedCostCategoryMembertef:TelefonicaS.A.Member2020-12-310000814052srt:LatinAmericaMember2021-12-310000814052tef:DebtIssuancesMember2020-12-310000814052tef:DebtIssuancesMember2021-01-012021-12-310000814052tef:DebtIssuancesMember2021-12-310000814052tef:PromissoryNotesAndCommercialPaperMember2020-12-310000814052tef:PromissoryNotesAndCommercialPaperMember2021-01-012021-12-310000814052tef:PromissoryNotesAndCommercialPaperMember2021-12-310000814052tef:InterestBearingDebtMember2020-12-310000814052tef:InterestBearingDebtMember2021-01-012021-12-310000814052tef:InterestBearingDebtMember2021-12-310000814052tef:DebtIssuancesMember2019-12-310000814052tef:DebtIssuancesMember2020-01-012020-12-310000814052tef:PromissoryNotesAndCommercialPaperMember2019-12-310000814052tef:PromissoryNotesAndCommercialPaperMember2020-01-012020-12-310000814052tef:InterestBearingDebtMember2019-12-310000814052tef:InterestBearingDebtMember2020-01-012020-12-310000814052tef:CommercialPaperMember2021-12-310000814052tef:CommercialPaperMember2021-01-012021-12-310000814052tef:CommercialPaperMember2020-01-012020-12-310000814052tef:PromissoryNoteMember2021-12-310000814052tef:PromissoryNoteMember2020-12-310000814052tef:LoansAndOtherPayablesMember2021-01-012021-12-310000814052tef:LoansAndOtherPayablesMember2020-01-012020-12-310000814052tef:BilateralLoanDueJune142021Membertef:TelefonicaS.A.Member2021-12-310000814052tef:BilateralLoanDueJune142021Membertef:TelefonicaS.A.Member2021-01-012021-12-310000814052tef:TelefonicaS.A.Membertef:BilateralLoanDueJune282021Member2021-12-310000814052tef:TelefonicaS.A.Membertef:BilateralLoanDueJune282021Member2021-01-012021-12-310000814052tef:TelefonicaS.A.Membertef:SyndicatedLoanDueMarch152026Member2021-12-310000814052tef:TelefonicaS.A.Membertef:SyndicatedLoanDueMarch152026Member2021-01-012021-12-310000814052tef:BilateralLoanDueJune82021Membertef:TelefonicaS.A.Member2021-12-310000814052tef:BilateralLoanDueJune82021Membertef:TelefonicaS.A.Member2021-01-012021-12-310000814052tef:BilateralLoanDueJune162021Membertef:TelefonicaS.A.Member2021-12-310000814052tef:BilateralLoanDueJune162021Membertef:TelefonicaS.A.Member2021-01-012021-12-310000814052tef:CreditDueSeptember302021Membertef:TelefonicaS.A.Member2021-12-310000814052tef:CreditDueSeptember302021Membertef:TelefonicaS.A.Member2021-01-012021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-01-012021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMembertef:BilateralLoanDueMarch192025Member2021-12-310000814052tef:ColombiaTelecomunicacionesSAESPMembertef:BilateralLoanDueMarch192025Member2021-01-012021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:BEIFinancingTranche1DueJune182029Member2021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:BEIFinancingTranche1DueJune182029Member2021-01-012021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:BEIFinancingTranche2DueJuly142029Member2021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:BEIFinancingTranche2DueJuly142029Member2021-01-012021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:SyndicatedLoanDueDecember172026Member2021-12-310000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:SyndicatedLoanDueDecember172026Member2021-01-012021-12-310000814052tef:SyndicatedLoanDueApril152021Membertef:TelefonicaMovilesChileS.A.Member2021-12-310000814052tef:SyndicatedLoanDueApril152021Membertef:TelefonicaMovilesChileS.A.Member2021-01-012021-12-310000814052tef:TelxiusTelecomSAMembertef:SyndicatedLoanDueDecember12024Member2021-12-310000814052tef:TelxiusTelecomSAMembertef:SyndicatedLoanDueDecember12024Member2021-01-012021-12-310000814052tef:TelxiusTelecomSAMembertef:BilateralLoanDueAugust312021Member2021-12-310000814052tef:TelxiusTelecomSAMembertef:BilateralLoanDueAugust312021Member2021-01-012021-12-310000814052tef:BilateralLoanDueJune142021Membertef:TelefonicaS.A.Member2021-06-142021-06-140000814052tef:TelefonicaS.A.Membertef:BilateralLoanDueJune282021Member2021-06-282021-06-280000814052tef:TelefonicaS.A.Membertef:SyndicatedLoanDueMarch152026Member2021-03-150000814052tef:BilateralLoanDueJune82021Membertef:TelefonicaS.A.Member2021-08-062021-08-060000814052tef:BilateralLoanDueJune162021Membertef:TelefonicaS.A.Member2021-08-162021-08-160000814052tef:CreditDueSeptember302021Membertef:TelefonicaS.A.Member2021-09-302021-09-300000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-03-122021-03-120000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-05-122021-05-120000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-06-282021-06-280000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-07-082021-07-080000814052tef:ColombiaTelecomunicacionesSAESPMembertef:SyndicatedLoanDueJuly272021Member2021-07-272021-07-270000814052tef:TelefonicaGermanyGmbHCoOHGMembertef:SyndicatedLoanDueDecember172026Member2021-11-160000814052tef:TelxiusTelecomSAMembertef:BilateralLoanDueAugust312021Member2021-08-162021-08-160000814052currency:EUR2021-12-310000814052currency:EUR2020-12-310000814052currency:USD2021-12-310000814052currency:USD2020-12-310000814052currency:COP2021-12-31iso4217:COP0000814052currency:COP2020-12-310000814052currency:UYU2021-12-31iso4217:UYU0000814052currency:UYU2020-12-310000814052currency:CLP2021-12-31iso4217:CLP0000814052currency:CLP2020-12-310000814052tef:LatinAmericanDenominatedBorrowingsMember2021-12-310000814052tef:LatinAmericanDenominatedBorrowingsMember2020-12-310000814052tef:USDollarDenominatedBorrowingsMember2021-12-310000814052tef:USDollarDenominatedBorrowingsMember2020-12-310000814052tef:PoundsSterlingDenominatedBorrowingsMember2021-12-310000814052tef:PoundsSterlingDenominatedBorrowingsMember2020-12-310000814052tef:LatinAmericanCurrenciesVs.EURMember2021-01-012021-12-310000814052tef:AllCurrenciesVs.EURMember2021-01-012021-12-310000814052tef:USDvs.EURMember2021-01-012021-12-310000814052tef:OtherCurrenciesVsEURMember2021-01-012021-12-310000814052currency:VESifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-31iso4217:VEB0000814052currency:VESifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:BottomOfRangeMember2021-01-012021-12-310000814052tef:TelefonicaHispanoamericaMember2021-12-310000814052tef:TelefonicaHispanoamericaMember2021-01-012021-12-310000814052tef:USDLibor3MInterestRateMember2021-12-310000814052tef:USDLibor3MInterestRateMember2020-12-310000814052tef:GBPLibor3MInterestRateMember2020-12-310000814052tef:CHFLibor3MInterestRateMember2020-12-31iso4217:CHF0000814052tef:USDLibor1MInterestRateMember2021-12-310000814052tef:USDLibor1MInterestRateMember2020-12-310000814052tef:USDLibor6MInterestRateMember2021-12-310000814052tef:USDLibor6MInterestRateMember2020-12-31tef:type_of_hedge0000814052ifrs-full:BottomOfRangeMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:TopOfRangeMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMember2019-01-012019-12-310000814052tef:TelefonicaBrazilMemberifrs-full:DerivativesMember2021-01-012021-12-310000814052tef:TelefonicadeArgentinaSAMember2021-01-012021-12-310000814052tef:TelefonicadeArgentinaSAMember2020-01-012020-12-310000814052tef:TelefonicadeArgentinaSAMember2019-01-012019-12-310000814052ifrs-full:DerivativesMember2020-12-310000814052ifrs-full:DerivativesMember2019-12-310000814052ifrs-full:DerivativesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMember2021-12-310000814052ifrs-full:DerivativesMember2019-01-012019-12-310000814052ifrs-full:CurrencySwapContractMember2021-01-012021-12-310000814052ifrs-full:CurrencySwapContractMember2020-01-012020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMembertef:OtherRisksMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:OtherRisksMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Membertef:OtherRisksMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMembertef:OtherRisksMember2021-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Membertef:OtherRisksMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:CurrencyRiskMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMembertef:LoansandOtherDebtsMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052ifrs-full:DerivativesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:LaterThanThreeYearsMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMemberifrs-full:InterestRateRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMemberifrs-full:InterestRateRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:InterestRateRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:NotLaterThanOneYearMembertef:OtherRisksMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMembertef:OtherRisksMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Membertef:OtherRisksMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Memberifrs-full:LaterThanThreeYearsMembertef:OtherRisksMember2020-12-310000814052ifrs-full:DerivativesMembertef:NotDesignatedasHedgingInstrument1Membertef:OtherRisksMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:NotLaterThanOneYearMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:LaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:CurrencyRiskMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:FairValueHedgesMemberifrs-full:CurrencyRiskMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:NotLaterThanOneYearMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMemberifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:LaterThanThreeYearsMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMembertef:LoansandOtherDebtsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMembertef:ObligationsandBondsMember2020-12-310000814052ifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052tef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052tef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052tef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:FairValueHedgesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Member2021-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Membertef:HedgedItemsthathaveCeasedtobeAdjustedforGainsandLossesMember2021-12-310000814052ifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052tef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052tef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052tef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:InterestRateRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Memberifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:FairValueHedgesMembertef:InterestRateAndCurrencyRiskMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Member2020-12-310000814052ifrs-full:FairValueHedgesMembertef:DesignatedasHedgingInstrument1Membertef:HedgedItemsthathaveCeasedtobeAdjustedforGainsandLossesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-12-310000814052tef:GrossAmountMember2020-12-310000814052tef:TaxEffectMember2020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-01-012021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-01-012021-12-310000814052tef:GrossAmountMember2021-01-012021-12-310000814052tef:TaxEffectMember2021-01-012021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-12-310000814052tef:GrossAmountMember2021-12-310000814052tef:TaxEffectMember2021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:InterestExpenseMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMembertef:InterestExpenseMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMembertef:InterestExpenseMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:DerivativesMembertef:InterestExpenseMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2019-12-310000814052ifrs-full:DerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2019-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2019-12-310000814052ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2019-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2019-12-310000814052tef:GrossAmountMember2019-12-310000814052tef:TaxEffectMember2019-12-310000814052ifrs-full:DerivativesMemberifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMemberifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMembertef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:DerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-01-012020-12-310000814052tef:FinancialInstrumentsExcludingDerivativesMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-01-012020-12-310000814052tef:GrossAmountMember2020-01-012020-12-310000814052tef:TaxEffectMember2020-01-012020-12-310000814052ifrs-full:CurrencyRiskMember2019-12-310000814052ifrs-full:CurrencyRiskMember2020-01-012020-12-310000814052ifrs-full:CurrencyRiskMember2020-12-310000814052ifrs-full:CurrencyRiskMember2021-01-012021-12-310000814052ifrs-full:CurrencyRiskMember2021-12-310000814052ifrs-full:InterestRateRiskMember2021-01-012021-12-310000814052ifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:InterestRateRiskMember2021-01-012021-12-310000814052ifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2021-01-012021-12-310000814052tef:InterestRateAndCurrencyRiskMember2021-01-012021-12-310000814052tef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2021-01-012021-12-310000814052ifrs-full:InterestRateRiskMember2020-01-012020-12-310000814052ifrs-full:InterestRateRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:FairValueHedgesMemberifrs-full:InterestRateRiskMember2020-01-012020-12-310000814052ifrs-full:CurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052ifrs-full:CurrencyRiskMemberifrs-full:HedgesOfNetInvestmentInForeignOperationsMember2020-01-012020-12-310000814052tef:InterestRateAndCurrencyRiskMember2020-01-012020-12-310000814052tef:InterestRateAndCurrencyRiskMemberifrs-full:CashFlowHedgesMember2020-01-012020-12-310000814052tef:TelxiusGroupMember2020-12-310000814052ifrs-full:LaterThanOneYearMember2021-12-310000814052tef:TelefonicaBrazilMemberifrs-full:LicencesAndFranchisesMember2021-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2019-06-012019-06-300000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2021-01-012021-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2020-01-012020-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2021-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2020-12-310000814052tef:TelefonicaMexicoMemberifrs-full:LicencesAndFranchisesMembertef:SpectrumLicensesMember2021-12-310000814052tef:TelefonicaMexicoMemberifrs-full:LicencesAndFranchisesMembertef:SpectrumLicensesMember2020-12-310000814052ifrs-full:LicencesAndFranchisesMembertef:TelefonicaGermanyMember2020-12-310000814052ifrs-full:LongtermContractsMember2020-12-310000814052ifrs-full:LongtermContractsMember2021-01-012021-12-310000814052ifrs-full:LongtermContractsMember2021-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:LongtermContractsMember2020-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:LongtermContractsMember2021-01-012021-12-310000814052ifrs-full:GrossCarryingAmountMemberifrs-full:LongtermContractsMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LongtermContractsMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LongtermContractsMember2021-01-012021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:LongtermContractsMember2021-12-310000814052ifrs-full:ShorttermContractsMember2020-12-310000814052ifrs-full:ShorttermContractsMember2021-01-012021-12-310000814052ifrs-full:ShorttermContractsMember2021-12-310000814052ifrs-full:ShorttermContractsMemberifrs-full:GrossCarryingAmountMember2020-12-310000814052ifrs-full:ShorttermContractsMemberifrs-full:GrossCarryingAmountMember2021-01-012021-12-310000814052ifrs-full:ShorttermContractsMemberifrs-full:GrossCarryingAmountMember2021-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ShorttermContractsMember2020-12-310000814052ifrs-full:AccumulatedImpairmentMemberifrs-full:ShorttermContractsMember2021-01-01