Movistar Venezuela

Movistar Venezuela is a telecommunications company that operates in Venezuela. It is a subsidiary of the Spanish telecommunications giant, Telefónica. The company was established following Telefónica's acquisition of the BellSouth mobile operations branch in South America in 2005. The Movistar brand, which had been used by Telefónica in Spain since 1995, was then applied globally, including in Venezuela. Despite Telefónica's acquisition of O2 in the same year, the Movistar brand was maintained in Hispanic American countries. This decision resulted in the company operating under its own board and management structure, separate from the "O2" brand used in the United Kingdom and Germany.