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158-534: Telefónica , S.A. ( Spanish pronunciation: [teleˈfonika] ) is a Spanish multinational telecommunications company with registered office and headquarters located in two different places, both in Madrid , Spain . It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony , broadband , and subscription television , operating in Europe and

316-713: A three-year guerrilla war , which ended in a truce in July 1921 (although violence continued until June 1922, mostly in Northern Ireland). In December 1921, the Anglo-Irish Treaty was concluded between the British government and representatives of the Second Dáil . It gave Ireland complete independence in its home affairs and practical independence for foreign policy, but an opt-out clause allowed Northern Ireland to remain within

474-623: A 9.7% stake in China Unicom, and China Unicom will own 1.4% of the Spanish firm. In 2018, China Unicom and Telefónica establish a new partnership to combine their services and networks in the internet of things, so as to enable their clients to deploy IoT products and services in China, Europe and Latin America with a single global IoT SIM card. In 2005, Telefónica bought Český Telecom (Czech Telecom),

632-588: A Home Rule bill through parliament, it looked certain that one would finally pass in 1914. To prevent this from happening, the Ulster Volunteers were formed in 1913 under the leadership of Edward Carson . Their formation was followed in 1914 by the establishment of the Irish Volunteers , whose aim was to ensure that the Home Rule Bill was passed. The Act was passed but with the "temporary" exclusion of

790-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

948-556: A century, with the migrations of the Celts being one of the more enduring themes of archaeological and linguistic studies. The most recent genetic research strongly associates the spread of Indo-European languages (including Celtic) through Western Europe with a people bringing a composite Beaker culture , with its arrival in Britain and Ireland dated to around the middle of the third millennium BC. According to John T. Koch and others, Ireland in

1106-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1264-509: A cybersecurity services division. The deal aimed to see Telefonica increase its geographic scale and aid its digital capabilities. Telefónica is the second largest corporation in Spain, behind the Santander Group . It operates under the movistar and O2 brands with the first being the largest broadband and phone (both mobile and landlines) provider in Spain. Telefónica's FTTH network in Spain

1422-490: A fixed-line and mobile operator in the southern part of the country. The landline division is currently part of Oi . In July 1998 acquired Telesp , the telephony operator of the Telebrás system in the state of São Paulo , forming Telefônica Brasil . In June 2009, after four big "blackouts" on Telefónica 's broadband "Speedy", ANATEL ordered Telefónica to stop sales of its broadband service until improvements were made on

1580-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1738-587: A merger with TELECOM. The company is now known as Telefónica - Telecom. Telefónica signed a contract for 15 years (extendable for 10 additional years) on 12 May 2011 with the government of Costa Rica . It started operations in 2011 under its Movistar branding. In 2000, Telefónica acquired a 26.5% stake in Tricom when it purchased part of the shares Motorola had obtained in 1993. After acquiring 100% of OTECEL S.A. (Bellsouth), Telefónica Móviles Ecuador started its operations on 14 October 2004 as Movistar. It

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1896-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2054-530: A new language and culture introduced directly by migration and genetic replacement). The earliest written records of Ireland come from classical Greco-Roman geographers. Ptolemy in his Almagest refers to Ireland as Mikra Brettania ("Little Britain"), in contrast to the larger island, which he called Megale Brettania ("Great Britain"). In his map of Ireland in his later work, Geography , Ptolemy refers to Ireland as Iouernia and to Great Britain as Albion . These 'new' names were likely to have been

2212-746: A part of the United Kingdom. Northern Ireland saw much civil unrest from the late 1960s until the 1990s . This subsided following the Good Friday Agreement in 1998. In 1973, both the Republic of Ireland and the United Kingdom, with Northern Ireland as part of it, joined the European Economic Community . Following a referendum vote in 2016, the United Kingdom, Northern Ireland included, left the European Union (EU) in 2020. Northern Ireland

2370-559: A political reality until the Viking Age and even then was not a consistent one. Ireland did have a culturally unifying rule of law: the early written judicial system, the Brehon Laws , administered by a professional class of jurists known as the brehons . The Chronicle of Ireland records that in 431, Bishop Palladius arrived in Ireland on a mission from Pope Celestine I to minister to

2528-493: A republican rebellion inspired and led by the Society of United Irishmen , with the aim of creating an independent Ireland. Despite assistance from France the rebellion was put down by British and Irish government and yeomanry forces. The rebellion lasted from the 24th of May to the 12th of October that year and saw the establishment of the short lived Irish Republic (1798) in the province on Connacht . It saw numerous battles across

2686-482: A stake worth 2.1 billion euros ($ 2.23 billion) through shares and convertible financial instruments. In December 2023, the Spanish government announced plans to acquire a stake of up to 10% in Telefónica worth $ 2.2 billion through the state holding company SEPI . Telefónica is a 100% listed company with more than 1.5 million direct shareholders. Its share capital currently comprises 4.563.996.485 ordinary shares traded on

2844-538: Is accepted that such movements are notoriously difficult to identify. Historical linguists are skeptical that this method alone could account for the absorption of Celtic language, with some saying that an assumed processual view of Celtic linguistic formation is 'an especially hazardous exercise'. Genetic lineage investigation into the area of Celtic migration to Ireland has led to findings that showed no significant differences in mitochondrial DNA between Ireland and large areas of continental Europe, in contrast to parts of

3002-605: Is extant in Ireland as a voluntary donation. In turn, Henry assumed the title of Lord of Ireland which Henry conferred on his younger son, John Lackland , in 1185. This defined the Anglo-Norman administration in Ireland as the Lordship of Ireland . When Henry's successor died unexpectedly in 1199, John inherited the crown of England and retained the Lordship of Ireland. Over the century that followed, Norman feudal law gradually replaced

3160-643: Is free of extremes in temperature. Much of Ireland was woodland until the end of the Middle Ages . Today, woodland makes up about 10% of the island, compared with a European average of over 33%, with most of it being non-native conifer plantations. The Irish climate is influenced by the Atlantic Ocean and thus very moderate, and winters are milder than expected for such a northerly area, although summers are cooler than those in continental Europe. Rainfall and cloud cover are abundant. Gaelic Ireland had emerged by

3318-586: Is from Ferriter's Cove , County Kerry , where a flint knife, cattle bones and a sheep's tooth were carbon-dated to c. 4,350 BC. Field systems were developed in different parts of Ireland, including at the Céide Fields , that has been preserved beneath a blanket of peat in present-day Tyrawley . An extensive field system , arguably the oldest in the world, consisted of small divisions separated by dry-stone walls . The fields were farmed for several centuries between 3,500 BC and 3,000 BC. Wheat and barley were

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3476-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

3634-736: Is one of only three mobile operators in Ecuador. Telefónica in Ecuador has started offering 3G service from the second half of 2009. Telefónica started its operations in Panama in 2004 as Telefónica acquired 100% of Bellsouth Panama. Since then it has operated using the name Movistar for mobile services. It migrated from CDMA technology used by Bellsouth to GSM 850. It also offers 3G using UMTS 850 and UMTS 1900. In 2015 it launched LTE with coverage expanding in Panama City, Arraijan, Chorrera up to Buenaventura Beach. The Telefónica Group has been in

3792-436: Is the biggest fixed-line operator and internet service provider in the country. The Telefónica Group has been in the country since 1989. The mobile business is run by Telefónica Móviles through a local subsidiary. On 26 October 2009, Telefónica Chile changed its name to Movistar , including cellphone, landline, satellite TV, and internet. On 18 April 2006, Telefónica 's president Cesar Alierta signed an agreement with

3950-528: Is the most extensive fibre-to-home network in Europe, as of April 2016, and the shutdown plan for the legacy copper network is already in progress. Telefónica was the parent of Telefónica Deutschland, which held two alternative IP carriers. The two ISPs, mediaWays and HighwayOne merged in January 2003 after having been purchased by Telefónica in 2001 and February 2002 respectively. On 26 January 2006 Telefónica completed its £17.7 billion (€25.7 billion) acquisition of

4108-561: Is unclear. However, a number of finds of Roman coins have been made, for example at the Iron Age settlement of Freestone Hill near Gowran and Newgrange . Ireland continued as a patchwork of rival kingdoms; however, beginning in the 7th century, a concept of national kingship gradually became articulated through the concept of a High King of Ireland . Medieval Irish literature portrays an almost unbroken sequence of high kings stretching back thousands of years, but some modern historians believe

4266-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

4424-676: The Lebor Gabála Érenn , a medieval Christian pseudo-history of Ireland, along with the presence of Celtic culture, language and artefacts found in Ireland such as Celtic bronze spears, shields, torcs and other finely crafted Celtic associated possessions. The theory holds that there were four separate Celtic invasions of Ireland. The Priteni were said to be the first, followed by the Belgae from northern Gaul and Britain. Later, Laighin tribes from Armorica (present-day Brittany) were said to have invaded Ireland and Britain more or less simultaneously. Lastly,

4582-608: The Act of Settlement 1701 . Daniel O'Connell led a subsequent campaign, for the repeal of the Act of Union, which failed. Later in the century, Charles Stewart Parnell and others campaigned for autonomy within the Union, or " Home Rule ". Unionists, especially those located in Ulster, were strongly opposed to Home Rule, which they thought would be dominated by Catholic interests. After several attempts to pass

4740-590: The Bouygues group, to offer global telecommunication services packages to multinational companies. This cooperation was expanded in June 2015 through the creation of a separate joint venture company named Telefónica Global Solutions France, with its own marketing and sales teams offering Telefónica and Bouygues Telecom services packages to corporations. Telefónica operates the Movistar mobile phone brand throughout Latin America and

4898-624: The Duke of Wellington . Steering the Catholic Relief Bill through Parliament, aided by future prime minister Robert Peel , Wellington prevailed upon a reluctant George IV to sign the Bill and proclaim it into law. George's father had opposed the plan of the earlier Prime Minister, Pitt the Younger , to introduce such a bill following the Union of 1801, fearing Catholic Emancipation to be in conflict with

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5056-809: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

5214-586: The Irish parliament passed the Statutes of Kilkenny in 1367. These were a set of laws designed to prevent the assimilation of the Normans into Irish society by requiring English subjects in Ireland to speak English, follow English customs and abide by English law. By the end of the 15th century, central English authority in Ireland had all but disappeared, and a renewed Irish culture and language, albeit with Norman influences,

5372-583: The Milesians ( Gaels ) were said to have reached Ireland from either northern Iberia or southern Gaul. It was claimed that a second wave named the Euerni, belonging to the Belgae people of northern Gaul, began arriving about the sixth century BC. They were said to have given their name to the island. The theory was advanced in part because of the lack of archaeological evidence for large-scale Celtic immigration, though it

5530-730: The Minardi F1 Team in 1999 and 2000, including title sponsorship in 2000, as well a major sponsor of the Renault F1 Team from 2004 to 2006 until Fernando Alonso 's departure to McLaren in 2007, and were title sponsors of the Spanish Grand Prix from 2006 to 2010. Through its acquisition of O 2 , Telefónica also indirectly sponsored the BMW Sauber F1 Team . In the World Rally Championship , Telefónica sponsored

5688-699: The North Channel , the Irish Sea , and St George's Channel . Ireland is the second-largest island of the British Isles , the third-largest in Europe, and the twentieth-largest in the world. Geopolitically, the island is divided between the Republic of Ireland (officially named Ireland ), a sovereign state covering five-sixths of the island, and Northern Ireland , which is part of the United Kingdom . As of 2022,

5846-468: The Protestant Ascendancy . The " Great Frost " struck Ireland and the rest of Europe between December 1739 and September 1741, after a decade of relatively mild winters. The winters destroyed stored crops of potatoes and other staples, and the poor summers severely damaged harvests. This resulted in the famine of 1740 . An estimated 250,000 people (about one in eight of the population) died from

6004-603: The SEAT Sport WRC Team between 1998 and 2000, under both Movistar and Telefónica Movistar. Telefónica sponsored the Ford WRC Team in seasons 2000-2002 when Spanish rally driver Carlos Sainz drove for the team, and when Sainz moved to the Citroën WRC Team for 2003, Telefónica followed. The sponsorship was not continued into 2004, despite Sainz staying with the team. In the 2000 CART season , PPI Motorsports raced

6162-616: The Vivo in Brazil. In Mexico it occupies a distant second place and it is the largest in Chile , Venezuela , Brazil , and Peru . Telefónica plans to divest the majority of its Latin American business in order to focus on the core markets UK, Spain, Germany and Brazil and add €2 billion in revenue with this programme. Telefónica owns Telefónica de Argentina which is the largest fixed-line operator in

6320-735: The Wars of the Three Kingdoms and the Williamite War . Irish losses during the Wars of the Three Kingdoms (which, in Ireland, included the Irish Confederacy and the Cromwellian conquest of Ireland ) are estimated to include 20,000 battlefield casualties. 200,000 civilians are estimated to have died as a result of a combination of war-related famine, displacement, guerrilla activity and pestilence throughout

6478-506: The population of the entire island is just over 7 million, with 5.1 million in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the second-most populous island in Europe after Great Britain. The geography of Ireland comprises relatively low-lying mountains surrounding a central plain, with several navigable rivers extending inland. Its lush vegetation is a product of its mild but changeable climate which

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6636-514: The #96 Telefónica Toyota-Reynard, driven by Spanish rookie Oriol Servià . Oriol finished 15th in the standings with a best result of 3rd, and failed to win Rookie of the Year. Teammate da Matta in the #97 Pioneer Toyota-Reynard performed better with 10th and 1 win, however the team retired from open-wheel racing at the end of the season, and the sponsorship ended. Multinational corporation Most of

6794-638: The 17th century left a deep sectarian division in Ireland. Religious allegiance now determined the perception in law of loyalty to the Irish King and Parliament. After the passing of the Test Act 1672 , and the victory of the forces of the dual monarchy of William and Mary over the Jacobites , Roman Catholics and nonconforming Protestant Dissenters were barred from sitting as members in the Irish Parliament. Under

6952-600: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

7110-443: The 1st century AD. The island was Christianised from the 5th century onwards. During this period Ireland was divided into many petty kingships under provincial kingships (Cúige "fifth" of the traditional provinces) vying for dominance and the title of High King of Ireland . In the late 8th century to early 11th century AD Viking raids and settlement took place culminating in the Battle of Clontarf on 23 April 1014 which resulted in

7268-525: The 9th century, waves of Viking raiders plundered Irish monasteries and towns. These raids added to a pattern of raiding and endemic warfare that was already deep-seated in Ireland. The Vikings were involved in establishing most of the major coastal settlements in Ireland: Dublin , Limerick , Cork , Wexford , Waterford , as well as other smaller settlements. On 1 May 1169, an expedition of Cambro-Norman knights, with an army of about 600 men, landed at Bannow Strand in present-day County Wexford . It

7426-415: The Americas. As well as the Telefónica brand, it also trades as Movistar , O2 , and Vivo . The company is a component of the Euro Stoxx 50 stock market index . On April 15, 2012, Telefónica shut down TVA and Ajacto, which unified the brand on the Vivo . The company was created in Madrid in 1924 as Compañía Telefónica Nacional de España (CTNE) with ITT as one of its major shareholders. In 1945,

7584-429: The Americas. O2 are the main sponsors of the England national rugby team . Teléfonica, through Movistar , was the title sponsor of Yamaha Motor Racing from 2014 to 2018, a motorcycle racing team in MotoGP . It was also the title sponsor of Suzuki's factory team from 2000 to 2002 Sito Pons' Honda team from 1997 to 1999 and Fausto Gresini's Honda team from 2003 to 2005. Within Formula One , Telefónica sponsored

7742-431: The Brazilian competition authority since Telefónica and Telecom Italia, with Vivo and TIM Brasil respectively, are the two largest telephone companies competing in Brazil. Subsequently, Telefónica confirmed in September 2014 that it intended to sell its shares in Telecom Italia following the purchase of Global Village Telecom (GVT) in Brazil from Vivendi . Telefónica sold its shares in the business to Vivendi as part of

7900-498: The Colombian government to buy 50% and one share of the state-owned communications company, Colombia Telecomunicaciones (TELECOM). With this sale, Telefónica became the largest Colombian land-line operator, and also gained an important presence in the local, long-distance and broadband market. The mobile business is run by Telefónica Móviles through the brand movistar . It is unknown what will happen with their previous established subsidiary Telefónica Empresas, being most probable

8058-425: The English church at the time, the Catholic Church , was published in 1216 and the Parliament of Ireland was founded in 1297. From the mid-14th century, after the Black Death , Norman settlements in Ireland went into a period of decline. The Norman rulers and the Gaelic Irish elites intermarried and the areas under Norman rule became Gaelicised . In some parts, a hybrid Hiberno-Norman culture emerged. In response,

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8216-455: The English language, and sports such as association football , rugby , horse racing , golf , and boxing . The names Ireland and Éire derive from Old Irish Ériu , a goddess in Irish mythology first recorded in the ninth century. The etymology of Ériu is disputed but may derive from the Proto-Indo-European root * h2uer , referring to flowing water. During the last glacial period , and until about 16,000 BC, much of Ireland

8374-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

8532-406: The Gaelic Brehon Law across large areas, so that by the late 13th century the Norman-Irish had established a feudal system throughout much of Ireland. Norman settlements were characterised by the establishment of baronies, manors, towns and the seeds of the modern county system. A version of Magna Carta (the Great Charter of Ireland ), substituting Dublin for London and the Irish Church for,

8690-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

8848-456: The Irish "already believing in Christ". The same chronicle records that Saint Patrick , Ireland's best known patron saint , arrived the following year. There is continued debate over the missions of Palladius and Patrick, but the consensus is that they both took place and that the older druid tradition collapsed in the face of the new religion. Irish Christian scholars excelled in the study of Latin and Greek learning and Christian theology. In

9006-469: The Irish Volunteers' name and opposed Ireland's involvement in the war. The Easter Rising of 1916 was carried out by the latter group together with a smaller socialist militia, the Irish Citizen Army . The British response, executing fifteen leaders of the Rising over a period of ten days and imprisoning or interning more than a thousand people, turned the mood of the country in favour of the rebels. Support for Irish republicanism increased further due to

9164-422: The KeyCenter™, a data center in Miami built to withstand category 5 hurricanes, from where the company supports Business Continuity and IT services for Enterprise customers in South Florida. In 2009, China Unicom agreed to a $ 1 billion cross-holding with Telefónica . In January 2011, the two partners agreed to a further $ 500 million tie-up in each other. Following completion in late 2011, Telefónica will hold

9322-527: The Late Bronze Age was part of a maritime trading-network culture called the Atlantic Bronze Age that also included Britain, western France and Iberia, and that this is where Celtic languages developed. This contrasts with the traditional view that their origin lies in mainland Europe with the Hallstatt culture . The long-standing traditional view is that the Celtic language, Ogham script and culture were brought to Ireland by waves of invading or migrating Celts from mainland Europe. This theory draws on

9480-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

9638-408: The O2 brand. It began providing services on 2 February 2007 under the name Telefónica O2 Slovakia, s.r.o. It initially launched providing only a prepaid service but in mid-2007 began to sell contract phones. The company was sold along with Telefónica Czech Republic to PPF. O2 in Ireland was purchased by Telefónica as part of its acquisition of O2 plc in the UK in 2005. Telefónica Ireland has become

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9796-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

9954-520: The Panamanian, Ecuadorian and Guatemalan operations of BellSouth in 2004 for US$ 1665 Million, followed by a rebranding to Movistar in 2005. The purchase was intended to help Telefónica focus on its largest markets, alleviating its debt. Since 2011, they are a sponsor of the Spanish UCI ProTour cycling team known as Movistar Team . In football, Teléfonica is an official sponsor for several national teams such as Spain ( Movistar+ ) in Europe, and Brazil ( vivo ), Mexico, Colombia, Peru, or Venezuela in

10112-582: The Spanish Stock Market (Madrid, Barcelona, Bilbao, and Valencia) and on those in London , New York , Lima, and Buenos Aires . Because Telefónica is considered a defense service provider and a strategic company, the Spanish government has a say in acquisitions and holdings between 5% and 10%. The major stockholders include: In May 2022, Telefonica announced the acquisition of the European cloud-based services specialist and cloud Microsoft Dynamics partner BE-terna. The deal worth €350 million includes 1,000 staff, AI, extended service capabilities across Europe, and

10270-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

10428-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

10586-405: The UK's largest entertainment and telecommunication companies to rival the BT Group . As of the 1 June 2021, Virgin Media and O2 UK Ltd officially merged to form Virgin Media O2 , giving Telefónica a 50% stake in the new company, with the other 50% owned by Liberty Global . In France, since 2011, Telefónica has a joint venture with the French telecommunications company Bouygues Telecom , part of

10744-428: The UK-based operator O2 which also provided mobile phone services in Germany under the O2 brand. Following the purchase, Telefónica merged Telefónica Deutschland and O2 Germany to form the current business Telefónica Germany . Telefónica Germany, purchased competitor E-Plus on 1 October 2014. As part of the purchase, Telefónica reduced its stake in its subsidiary to 62.1%. Integration continues as of August 2015, but

10902-399: The United Kingdom, keeping both the brand and the management team. The merger became unconditional on 23 January 2006 and O2 became a wholly owned subsidiary of Telefónica. Manx Telecom was sold by Telefónica Europe in June 2010. In January 2015, Li Ka-shing entered into talks with Telefónica to buy O2 for around £10.25 billion, aiming to merge it with his subsidiary Three . The acquisition

11060-434: The United Kingdom, which it immediately exercised. Additionally, Members of the Free State Parliament were required to swear an oath of allegiance to the Constitution of the Irish Free State and make a statement of faithfulness to the king. Disagreements over these provisions led to a split in the nationalist movement and a subsequent Irish Civil War between the new government of the Irish Free State and those opposed to

11218-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

11376-562: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

11534-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

11692-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

11850-561: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

12008-688: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

12166-498: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

12324-571: The Y-chromosome pattern. When taking both into account, a study concluded that modern Celtic speakers in Ireland could be thought of as European "Atlantic Celts" showing a shared ancestry throughout the Atlantic zone from northern Iberia to western Scandinavia rather than substantially central European. In 2012, research showed that the occurrence of genetic markers for the earliest farmers was almost eliminated by Beaker-culture immigrants: they carried what

12482-481: The aforementioned state, which alone represents the highest GDP of South America. It also owns a majority stake in the Brazilian mobile operator Vivo, having agreed on 28 July 2010 to buy Portugal Telecom 's stake in the firm for €7.5 billion, after increasing its original offer by €1.8 billion over three months of incident-rich negotiations. The Telefónica group has been in the country since 1996 when it acquired CRT,

12640-609: The alleged Papal Bull Laudabiliter , issued by an Englishman, Adrian IV , in 1155. The document apparently encouraged Henry to take control in Ireland in order to oversee the financial and administrative reorganisation of the Irish Church and its integration into the Roman Church system. Some restructuring had already begun at the ecclesiastical level following the Synod of Kells in 1152. There has been significant controversy regarding

12798-526: The authenticity of Laudabiliter , and there is no general agreement as to whether the bull was genuine or a forgery. Further, it had no standing in the Irish legal system. In 1172, Pope Alexander III further encouraged Henry to advance the integration of the Irish Church with Rome. Henry was authorised to impose a tithe of one penny per hearth as an annual contribution. This church levy, called Peter's Pence ,

12956-440: The authorities, counterintelligence was a fundamental line of defence. With a regular army of only slightly over seven thousand men at the start of the war, and with limited supplies of modern weapons, the state would have had great difficulty in defending itself from invasion from either side in the conflict. Large-scale emigration marked most of the post-WWII period (particularly during the 1950s and 1980s), but beginning in 1987

13114-494: The authority of bishops and priests. Second, the mishandling of the paedophile scandals humiliated the Church, whose bishops seemed less concerned with the victims and more concerned with covering up for errant priests. Third, prosperity brought hedonism and materialism that undercut the ideals of saintly poverty. The financial crisis that began in 2008 dramatically ended this period of boom. GDP fell by 3% in 2008 and by 7.1% in 2009,

13272-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

13430-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

13588-706: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

13746-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

13904-521: The country since 1994 and owns the largest fixed-line operator in the country. The local subsidiary offers local, long-distance, and broadband services nationwide. The mobile business is run by Telefónica Móviles through a local subsidiary. The mobile telephone business goes by the name Movistar and competes with major provider Claro. Their main offices are located in Santa Beatriz on Av. Arequipa 1155. Since January 2011, Telefónica has operated in

14062-626: The country. It provides broadband, local and long-distance telephone services in southern part of the country as well as the Greater Buenos Aires area. The Telefónica Group has been in the country since 1990. The mobile business is run by Telefónica Móviles through Movistar , a local subsidiary. Telefónica 's largest fixed-line operation in South America is in Brazil , where it provides broadband, local and long-distance telephone services in

14220-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

14378-476: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

14536-650: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Ireland in Europe  (dark grey) Ireland ( / ˈ aɪər l ə n d / IRE -lənd ; Irish : Éire [ˈeːɾʲə] ; Ulster-Scots : Airlann [ˈɑːrlən] ) is an island in the North Atlantic Ocean , in north-western Europe . It is separated from Great Britain to its east by

14694-619: The development of the linen industry, Ireland was largely passed over by the Industrial Revolution , partly because it lacked coal and iron resources and partly because of the impact of the sudden union with the structurally superior economy of England, which saw Ireland as a source of agricultural produce and capital. The Great Famine of 1845–1851 devastated Ireland, as in those years Ireland's population fell by one-third. More than one million people died from starvation and disease, with an additional million people emigrating during

14852-688: The earliest evidence of human activity in Ireland was dated at 12,500 years ago, demonstrated by a butchered bear bone found in a cave in County Clare . Since 2021, the earliest evidence of human activity in Ireland is dated to 33,000 years ago. By about 8,000 BC, more sustained occupation of the island has been shown, with evidence for Mesolithic communities around the island. Some time before 4,000 BC, Neolithic settlers introduced cereal cultivars , domesticated animals such as cattle and sheep, built large timber buildings, and stone monuments. The earliest evidence for farming in Ireland or Great Britain

15010-455: The economy improved, and the 1990s saw the beginning of substantial economic growth. This period of growth became known as the Celtic Tiger . The Republic's real GDP grew by an average of 9.6% per annum between 1995 and 1999, in which year the Republic joined the euro . In 2000, it was the sixth-richest country in the world in terms of GDP per capita. Historian R. F. Foster argues the cause

15168-460: The emerging Penal Laws , Irish Roman Catholics and Dissenters were increasingly deprived of various civil rights, even the ownership of hereditary property. Additional regressive punitive legislation followed in 1703, 1709 and 1728. This completed a comprehensive systemic effort to materially disadvantage Roman Catholics and Protestant Dissenters while enriching a new ruling class of Anglican conformists. The new Anglo-Irish ruling class became known as

15326-480: The ending of Viking power in Ireland. Following the 12th century Anglo-Norman invasion , England claimed sovereignty. However, English rule did not extend over the whole island until the 16th–17th century Tudor conquest , which led to colonisation by settlers from Britain . In the 1690s, a system of Protestant English rule was designed to materially disadvantage the Catholic majority and Protestant dissenters , and

15484-407: The ensuing pestilence and disease. The Irish government halted export of corn and kept the army in quarters but did little more. Local gentry and charitable organisations provided relief but could do little to prevent the ensuing mortality. In the aftermath of the famine, an increase in industrial production and a surge in trade brought a succession of construction booms. The population soared in

15642-471: The famine, mostly to the United States and Canada. In the century that followed, an economic depression caused by the famine resulted in a further million people emigrating. By the end of the decade, half of all immigration to the United States was from Ireland. The period of civil unrest that followed until the end of the 19th century is referred to as the Land War . Mass emigration became deeply entrenched and

15800-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

15958-564: The first attempt in 1799. According to contemporary documents and historical analysis, this was achieved through a considerable degree of bribery, with funding provided by the British Secret Service Office, and the awarding of peerages, places and honours to secure votes. Thus, the parliament in Ireland was abolished and replaced by a united parliament at Westminster in London, though resistance remained, as evidenced by Robert Emmet 's failed Irish Rebellion of 1803 . Aside from

16116-538: The former state-owned Czech phone operator which still dominates the Czech fixed-line market. As part of this deal Telefónica also gained its 100% subsidiary Eurotel , one of three mobile phone operators in the Czech Republic. Starting 1 July 2006, both companies were merged into one legal entity and renamed Telefónica O2 Czech Republic . In 2011, the company was renamed Telefónica Czech Republic and in 2013, it

16274-471: The general progress of the expedition. He wanted to re-exert royal authority over the invasion which was expanding beyond his control. Henry successfully re-imposed his authority over Strongbow and the Cambro-Norman warlords and persuaded many of the Irish kings to accept him as their overlord, an arrangement confirmed in the 1175 Treaty of Windsor . The invasion was legitimised by reference to provisions of

16432-623: The geneticist David Reich , who says: "British and Irish skeletons from the Bronze Age that followed the Beaker period had at most 10 per cent ancestry from the first farmers of these islands, with other 90 per cent from people like those associated with the Bell Beaker culture in the Netherlands." He suggests that it was Beaker users who introduced an Indo-European language, represented here by Celtic (i.e.

16590-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

16748-517: The infrastructure to provide better-quality service. After the release of sales of broadband internet in August 2009, ANATEL expects the company's service investments to keep on par with the sales. On 24 July 2010 Telefónica announced that the number of Speedy subscribers had exceeded three million people. Telefónica owns Telefónica Chile , formerly CTC (Compañía de Telecomunicaciones de Chile, formerly known as Compañía de Teléfonos de Chile) which

16906-566: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

17064-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

17222-507: The island with an estimated 30,000 dead. As a direct result of the 1798 rebellion in its aftermath in 1800, the British and Irish parliaments both passed Acts of Union that, with effect from 1 January 1801, merged the Kingdom of Ireland and the Kingdom of Great Britain to create a United Kingdom of Great Britain and Ireland . The passage of the Act in the Irish Parliament was ultimately achieved with substantial majorities, having failed on

17380-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

17538-549: The latter part of this century and the architectural legacy of Georgian Ireland was built. In 1782, Poynings' Law was repealed, giving Ireland legislative independence from Great Britain for the first time since 1495. The British government, however, still retained the right to nominate the government of Ireland without the consent of the Irish parliament. In 1798, members of the Protestant Dissenter tradition (mainly Presbyterian ) made common cause with Roman Catholics in

17696-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

17854-476: The local names for the islands at the time. The earlier names, in contrast , were likely to have been coined before direct contact with local peoples was made. The Romans referred to Ireland by this name too in its Latinised form, Hibernia , or Scotia . Ptolemy records sixteen nations inhabiting every part of Ireland in 100 AD. The relationship between the Roman Empire and the kingdoms of ancient Ireland

18012-601: The many carved stone crosses that still dot the island today. A mission founded in 563 on Iona by the Irish monk Saint Columba began a tradition of Irish missionary work that spread Celtic Christianity and learning to Scotland , England and the Frankish Empire on continental Europe after the fall of Rome. These missions continued until the late Middle Ages , establishing monasteries and centres of learning, producing scholars such as Sedulius Scottus and Johannes Eriugena and exerting much influence in Europe. From

18170-588: The market under the Movistar brand. Telefónica in the U.S. territory of Puerto Rico has presence through Telefónica Empresas, Telefónica Larga Distancia - TLD, Telefónica International Wholesale Services - TIWS (formerly Emergia) and Atento. Telefónica Moviles, through its Movistar brand, had presence in Puerto Rico until mid-2007 but they sold the Puerto Rico network to a private equity group who renamed it Open Mobile . In late 2004 Telefónica took over

18328-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

18486-531: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

18644-743: The monastic culture that followed the Christianisation of Ireland, Latin and Greek learning was preserved in Ireland during the Early Middle Ages in contrast to elsewhere in Western Europe, where the Dark Ages followed the Fall of the Western Roman Empire . The arts of manuscript illumination , metalworking and sculpture flourished and produced treasures such as the Book of Kells , ornate jewellery and

18802-566: The now merged network is Germany's largest in customers. On 31 October 2005, O2 agreed to be taken over by Telefónica, with a cash offer of £17.7 billion, or £2 per share. According to the merger announcement, O2, which provided mobile phone services in the UK, Ireland , Germany and the Isle of Man (uniquely to the O2 group Manx Telecom also offered fixed-line services), retained its name and continued to be based in

18960-582: The ongoing war in Europe, as well as the Conscription Crisis of 1918 . The pro-independence republican party, Sinn Féin , received overwhelming endorsement in the general election of 1918 , and in 1919 proclaimed an Irish Republic , setting up its own parliament ( Dáil Éireann ) and government. Simultaneously the Volunteers, which became known as the Irish Republican Army (IRA), launched

19118-648: The operations of Telcel Bellsouth in Venezuela, the first and largest mobile operator in the South American country at the time. After re-branding as Movistar, its CDMA2000 EvDO was progressively replaced by a GSM UMTS 3G network. Telefónica is currently rolling out 4G LTE in the country. Based in Miami, Florida , Telefónica USA, Inc. provides services to U.S.-based multinational companies that have operations in Latin America and Europe. Telefónica USA also operates

19276-400: The population continued to decline until the mid-20th century. Immediately prior to the famine the population was recorded as 8.2 million by the 1841 census . The population has never returned to this level since. The population continued to fall until 1961; County Leitrim was the final Irish county to record a population increase post-famine, in 2006. The 19th and early 20th centuries saw

19434-521: The potential defence of Northern Ireland. Despite their country's neutrality, approximately 50,000 volunteers from independent Ireland joined the British forces during the war, four being awarded Victoria Crosses . The German intelligence was also active in Ireland. Its operations ended in September 1941 when police made arrests based on surveillance carried out on the key diplomatic legations in Dublin. To

19592-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

19750-436: The principal crops. The Bronze Age began around 2,500 BC, with technology changing people's everyday lives during this period through innovations such as the wheel, harnessing oxen , weaving textiles , brewing alcohol and metalworking , which produced new weapons and tools, along with fine gold decoration and jewellery, such as brooches and torcs . How and when the island became Celtic has been debated for close to

19908-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

20066-590: The rise of modern Irish nationalism , primarily among the Roman Catholic population. The pre-eminent Irish political figure after the Union was Daniel O'Connell . He was elected as Member of Parliament for Ennis in a surprise result and despite being unable to take his seat as a Roman Catholic . O'Connell spearheaded a vigorous campaign that was taken up by the Prime Minister, the Irish-born soldier and statesman,

20224-599: The sale of GVT in June 2015. After acquiring 100% of Paysandú S.A., Telefónica started its operations in Guatemala 1998 as Telefónica Movistar and just Telefónica for landlines. In 2004, acquired 100% of BellSouth Guatemala, relaunching mobile operations as movistar in 2005, with mobile services based on CDMA technology, in 2004 as Telefónica Movistar launch national service with GSM/GPRS technology, and CDMA 1x EV-DO for data. Telefónica Móviles Guatemala (renamed in 2005) offered services on UMTS / HSPA starting in June 2009, and it

20382-485: The scheme was constructed in the 8th century to justify the status of powerful political groupings by projecting the origins of their rule into the remote past. All of the Irish kingdoms had their own kings but were nominally subject to the high king. The high king was drawn from the ranks of the provincial kings and ruled also the royal kingdom of Meath , with a ceremonial capital at the Hill of Tara . The concept did not become

20540-446: The second largest mobile phone operator in Ireland, operating a GSM/EDGE and high-speed HSPA+ wireless broadband network to residential and business customers through its "O2" brand. Telefónica Ireland also provide fixed broadband to business customers. It was announced on 24 June 2013 that Telefónica had agreed to sell its O2 Ireland mobile business for at least €780 million ($ 1 billion) in cash to Hutchison Whampoa 's subsidiary 3 . O2

20698-465: The six counties of Ulster, which later became Northern Ireland. Before it could be implemented, however, the Act was suspended for the duration of the First World War . The Irish Volunteers split into two groups. The majority, approximately 175,000 in number, under John Redmond , took the name National Volunteers and supported Irish involvement in the war. A minority, approximately 13,000, retained

20856-452: The state acquired by law a share of 79.6% of the company. This stake was diluted by a capital increase in 1967. Until the liberalization of the telecom market in 1997, Telefónica was the only telephone operator in Spain. It still holds a dominant position (over 75% in 2000). Nowadays, Telefónica is present in more than 20 countries around Europe and America. In 2023, Saudi Arabia's STC Group became Telefónica's largest shareholder, building

21014-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

21172-545: The transaction for the El Salvadoran operations to be sold to América Móvil were scrapped due to regulatory hurdles. In February 2019, Millicom announced the purchase of the Panamanian, Costa Rican and Nicaraguan operations of Telefónica for US$ 1,650 Million, with plans to phase out the Movistar brand from those markets within a year after purchase. The transaction was completed in August the same year. Telefónica had purchased

21330-523: The treaty, led by Éamon de Valera . The civil war officially ended in May 1923 when de Valera issued a cease-fire order. During its first decade, the newly formed Irish Free State was governed by the victors of the civil war. When de Valera achieved power, he took advantage of the Statute of Westminster and political circumstances to build upon inroads to greater sovereignty made by the previous government. The oath

21488-454: The war. A further 50,000 were sent into indentured servitude in the West Indies . Physician-general William Petty estimated that 504,000 Catholic Irish and 112,000 Protestant settlers died, and 100,000 people were transported, as a result of the war. If a prewar population of 1.5 million is assumed, this would mean that the population was reduced by almost half. The religious struggles of

21646-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

21804-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

21962-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

22120-535: The worst year since records began (although earnings by foreign-owned businesses continued to grow). The state has since experienced deep recession, with unemployment, which doubled during 2009, remaining above 14% in 2012. Northern Ireland resulted from the division of the United Kingdom by the Government of Ireland Act 1920 , and until 1972 was a self-governing jurisdiction within the United Kingdom with its own parliament and prime minister. Northern Ireland, as part of

22278-473: Was a combination of a new sense of initiative and the entry of American corporations. He concludes the chief factors were low taxation, pro-business regulatory policies, and a young, tech-savvy workforce. For many multinationals, the decision to do business in Ireland was made easier still by generous incentives from the Industrial Development Authority . In addition European Union membership

22436-506: Was abolished and in 1937 a new constitution was adopted. This completed a process of gradual separation from the British Empire that governments had pursued since independence. However, it was not until 1949 that the state was declared, officially, to be the Republic of Ireland . The state was neutral during World War II , but offered clandestine assistance to the Allies , particularly in

22594-524: Was again dominant. English Crown control remained relatively unshaken in an amorphous foothold around Dublin known as The Pale , and under the provisions of Poynings' Law of 1494, Irish Parliamentary legislation was subject to the approval of the English Privy Council . The title of King of Ireland was re-created in 1542 by Henry VIII , the then King of England , of the Tudor dynasty . English rule

22752-467: Was announced that Telefónica would sell its stake in the company to PPF . Under the terms of the sale, the company was allowed to continue to trade under the O2 brand for a maximum of four years. In August 2017, the brand license agreement was extended to 2022, with a 5-year extension to 2027 available. During 2006, Telefónica won the tender to become the third mobile phone operator in Slovakia , under

22910-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

23068-542: Was extended during the 18th century. With the Acts of Union in 1801, Ireland became a part of the United Kingdom . A war of independence in the early 20th century was followed by the partition of the island , leading to the creation of the Irish Free State , which became increasingly sovereign over the following decades until it declared a republic in 1948 ( Republic of Ireland Act, 1948) and Northern Ireland, which remained

23226-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

23384-490: Was granted a limited special status and allowed to operate within the EU single market for goods without being in the European Union. Irish culture has had a significant influence on other cultures, especially in the field of literature . Alongside mainstream Western culture , a strong indigenous culture exists, as expressed through Gaelic games , Irish music , Irish language , and Irish dance . The island's culture shares many features with that of Great Britain, including

23542-475: Was helpful, giving the country lucrative access to markets that it had previously reached only through the United Kingdom, and pumping huge subsidies and investment capital into the Irish economy. Modernisation brought secularisation in its wake. The traditionally high levels of religiosity have sharply declined. Foster points to three factors: First, Irish feminism, largely imported from America with liberal stances on contraception, abortion and divorce, undermined

23700-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

23858-487: Was led by Richard de Clare , known as 'Strongbow' owing to his prowess as an archer. The invasion, which coincided with a period of renewed Norman expansion, was at the invitation of Dermot Mac Murrough , King of Leinster . In 1166, Mac Murrough had fled to Anjou , France, following a war involving Tighearnán Ua Ruairc , of Breifne , and sought the assistance of the Angevin King Henry II , in recapturing his kingdom. In 1171, Henry arrived in Ireland in order to review

24016-423: Was merged into Hutchison Whampoa's subsidiary Three Ireland in March 2015. Telefónica currently owns 46% of Telco, the holding company that controls 22% of Telecom Italia , Italy's former government–owned telephone company. In late 2003, Telefónica announced its intention to acquire the entirety of Telco by January 2014, potentially becoming Telecom Italia's largest shareholder. The plan, was however challenged by

24174-410: Was officially blocked by the European Commission on 11 May 2016, which argued that the merger would reduce consumer choice and lead to a higher cost of services Telefónica began to seek a stock market flotation of the business instead. Announced on 7 May 2020, Liberty Global owner of Virgin Media and Telefónica owner of O2, agreed to merge their U.K. businesses in a deal worth £31bn and form one of

24332-429: Was periodically covered in ice. The relative sea level was less than 50m lower resulting in an ice bridge (but not a land bridge ) forming between Ireland and Great Britain. By 14,000 BC this ice bridge existed only between Northern Ireland and Scotland and by 12,000 BC Ireland was completely separated from Great Britain. Later, around 6,100 BC, Great Britain became separated from continental Europe. Until recently,

24490-424: Was reinforced and expanded in Ireland during the latter part of the 16th century, leading to the Tudor conquest of Ireland . A near-complete conquest was achieved by the turn of the 17th century, following the Nine Years' War and the Flight of the Earls . This control was consolidated during the wars and conflicts of the 17th century, including the English and Scottish colonisation in the Plantations of Ireland ,

24648-470: Was the last operator to launch commercial services on this technology, with coverage in all major cities in Guatemala. On 24 January 2019, América Móvil announced the that they will acquire both the Guatemalan and El Salvadoran operations of Telefónica for US$ 333 million and $ 315 million, respectively. The transaction would also acquire all Pay TV operations. The sale was eventually approved in Guatemala and would later become intergraded into Claro . However,

24806-401: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

24964-420: Was then a new Y-chromosome R1b marker, believed to have originated in Iberia about 2,500 BC. The prevalence amongst modern Irish men of this mutation is a remarkable 84%, the highest in the world, and closely matched in other populations along the Atlantic fringes down to Spain. A similar genetic replacement happened with lineages in mitochondrial DNA. This conclusion is supported by recent research carried out by

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