Criteria Caixa reaches 5% in Telefónica to provide it with "shareholding stability" The holding company has been immersed for more than two years in a policy of rotating the historic stake. "For CriteriaCaixa, the first investment holding company in Spain, its participation in TeleFónica is strategic and long-term," says the company.

The investment arm of the savings bank's foundation, has reached 5% of Telefonica's capital, which means doubling the position it had declared.