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The New ConquistadorEssay Preview: The New ConquistadorReport this essayInternational Business“The new conquistador”Case SummaryA telecommunication company named Telefonica was founded in 1924 originated in Spain. Before European Union formation, this company obtained monopoly concession on telephone services in Spain, begin to nationalize in 1945, Government owned 41% of telefonicas shares. After European Union formation, state-sponsored telephone.