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Telefónica is Europe's biggest phone company.
Samsung recently dethroned Nokia to become the world's biggest phone maker, including smartphone and traditional cellphones.
Nokia, once the biggest phone maker in the world, was dethroned by Samsung earlier this year.
Now it is the biggest phone company in Brazil, Argentina, Chile and Peru.
Verizon also owns 29percentt of Compañía Nacional Teléfonos de Venezuela, that country's biggest phone company.
Samsung Electronics sold 300 million handsets in 2011 and became one of the biggest phone manufacturers in the world.
He said that when Nokia was the biggest phone maker in the world, it used its market position to exert similar control over its carriers.
Then again, Samsung surpassed Nokia to become the biggest phone maker in the world by making many different models of mobile devices that catered to different markets.
Spun off from Telmex in 2000, America Móvil is one of the biggest phone service providers in Latin America, with 236 million wireless subscribers.
Samsung, which sold 300 million handsets in 2011, is among the biggest phone manufacturers in the world, but not the largest.
#Chine Shanghai Composite Index -2.6% $SHCOMP ---> pic.twaster.compoundedPjK9 The nervousness was compounded by the disappearance of Chang Xiaobing, chairman of the country's third biggest phone network China Telecom.
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