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Associates and Joint Ventures - Disclosure of Statement of Financial Position and Income Statement of VMO2 (Details)
€ in Millions, £ in Millions
7 Months Ended 12 Months Ended
Dec. 31, 2021
EUR (€)
Dec. 31, 2021
EUR (€)
Dec. 31, 2024
EUR (€)
Dec. 31, 2023
EUR (€)
Dec. 31, 2023
GBP (£)
Dec. 31, 2022
EUR (€)
Disclosure of joint ventures [line items]            
Non-current assets     € 78,133 € 83,568    
Intangible assets     9,875 11,370   € 12,017
Goodwill     16,461 18,708    
Property, plant and equipment     21,439 22,944   23,714
Other non-current assets     2,064 2,067    
Current assets     22,369 20,756    
Inventories     954 929    
Receivables and other current assets     10,445 10,132    
Current financial assets     1,800 1,078    
Cash and cash equivalents € 8,580 € 8,580 8,062 7,151   7,245
Total assets     100,502 104,324    
Non current liabilities     52,019 53,829    
Non current financial liabilities     33,192 33,360    
Non-current lease liabilities     6,077 6,708    
Other non current liabilities     1,843 1,692    
Current liabilities     25,734 23,399    
Current financial liabilities     5,590 3,701    
Current lease liabilities     2,226 2,239    
Other current liabilities     1,966 1,819    
Equity attributable to non-controlling interests     3,402 5,244    
Equity € 28,684 € 28,684 22,749 27,096   31,708
Investments accounted for by the equity method     8,143 8,265    
Revenues     41,315 40,652   39,993
Other operating income     1,692 1,541   2,065
Other expenses     (12,554) (10,298)   (10,741)
Impairment losses in goodwill     (866) (58)   0
Depreciation and amortization     (8,799) (8,797)   (8,796)
OPERATING INCOME     2,395 2,593   4,056
Share of income of investments accounted for by the equity method     (35) (17)   (13)
Finance income     980 1,099   1,803
Finance costs     (2,998) (3,014)   (3,030)
Foreign currency transaction losses, net     113 124    
Net financial expense     (1,789) (1,904)   (1,313)
Result before taxation     557 (1,473)   2,960
Corporate income tax     (348) 899   (641)
PROFIT (LOSS) FOR THE YEAR     209 (574)   2,319
Attributable to non-controlling interests     258 318   308
Attributable to equity holders of the parent     (49) (892)   2,011
Share of (loss) income of investments accounted for by the equity method     (14) (2,145)   230
Other comprehensive income (100% VMO2)     € (1,120) € (43)   € 1,908
Cornerstone Telecomunications            
Disclosure of joint ventures [line items]            
Proportion of ownership interest in associate (as a percent)     12.50% 16.67% 16.67% 25.00%
Customer base            
Disclosure of joint ventures [line items]            
Intangible assets     € 151 € 386   € 721
VMO2            
Disclosure of joint ventures [line items]            
Property, plant and equipment     40,079 38,817    
Current financial assets     660 569    
Total assets     48,247 46,455    
Non current financial liabilities     21,754 21,061    
Non-current lease liabilities     950 663    
Current financial liabilities     4,970 4,165    
Current lease liabilities     197 201    
Total allocated liabilities     32,804 30,727    
VMO2            
Disclosure of joint ventures [line items]            
Non-current assets     43,081 41,697    
Intangible assets     7,682 8,379    
Goodwill     21,404 20,427    
Property, plant and equipment     10,994 10,011    
Other non-current assets     3,001 2,880    
Current assets     5,166 4,758    
Inventories     245 301    
Receivables and other current assets     2,900 2,882    
Current financial assets     660 567    
Cash and cash equivalents     1,361 1,008    
Total assets     48,247 46,455    
Non current liabilities     23,139 22,136    
Non current financial liabilities     21,754 21,061    
Non-current lease liabilities     950 663    
Other non current liabilities     435 412    
Current liabilities     9,665 8,591    
Current financial liabilities     4,970 4,165    
Current lease liabilities     197 201    
Other current liabilities     4,498 4,225    
Total allocated liabilities     32,804 30,727    
Equity attributable to non-controlling interests     € 252 261    
Equity of joint venture (in percent)     100.00%      
Equity     € 15,191 15,467    
Proportion of ownership interest in joint venture 50.00% 50.00% 50.00%      
50% Telefónica Group     € 7,596 7,734    
Acquisition costs     61 61    
Other adjustments     (16) (21)    
Investments accounted for by the equity method     7,641 7,774    
Revenues   € 12,155 12,616 12,547   12,155
Other operating income     516 516   551
Other expenses     (8,665) (8,632)   (8,305)
Impairment losses in goodwill   0 0 (3,572) £ (3,107) 0
Depreciation and amortization   (4,170) (3,371) (3,685)   (4,170)
OPERATING INCOME   231 1,096 (2,826)   231
Share of income of investments accounted for by the equity method   1 4 2   1
Finance income   24 51 55   24
Finance costs   (1,020) (1,578) (1,436)   (1,020)
Realised and unrealised gains on derivative instruments, net   2,567 463 (924)   2,567
Foreign currency transaction losses, net   (1,296) (34) 677   (1,296)
Net financial expense   275 (1,098) (1,628)   275
Result before taxation   507 2 (4,452)   507
Corporate income tax   (15) (22) 265   (15)
PROFIT (LOSS) FOR THE YEAR   492 (20) (4,187)   492
Attributable to non-controlling interests   0 (19) 0   0
Attributable to equity holders of the parent   492 (39) (4,187)   492
50% attributable to Telefónica Group   246 (20) (2,094)   246
Share-based compensation   14 1 8   14
Sale of minority stake in Cornerstone   0 112 76   0
Other adjustments   32 (5) (20)   32
Share of (loss) income of investments accounted for by the equity method   € 292 89 (2,030)   292
Other comprehensive income (100% VMO2)     € (337) (213)   € (113)
Other comprehensive income of joint venture (in percent)     1      
VMO2 | Customer base            
Disclosure of joint ventures [line items]            
Depreciation and amortization     € (1,012) € (985)