Terra was a Spanish Internet multinational company owned by Telefónica. It was headquartered in Spain and had offices in Brazil, Chile, Colombia, Mexico, the United States and Peru. Part of the Telefónica Group (the former Spanish public telephone monopoly), Terra operated as a web portal or Internet access provider in the United States, Spain and 16 Latin American countries. It was founded in 1999 as Terra Networks, S.A., a publicly traded company with Telefónica as its main shareholder. All outstanding shares were purchased by Telefónica in 2017, making Terra a wholly owned subsidiary.
Terra currently provides Internet content, web portals and digital services, with operations dating back more than 25 years.[2] Since 2020, Terra Networks LATAM has operated separately from Telefónica's commercial activities in Brazil, while continuing its involvement in online media and related digital services.
History
Terra was founded in 1999 as Terra Networks, S.A. by Juan Villalonga, Telefónica's president between 1996 and 2000, and grew in size through the acquisitions of several local startups in Spain and the main Latin American markets: Olé (Spain), ZAZ (Brazil), Mexico, Gauchonet, Donde (Argentina) and Chevere (Venezuela).
Terra has created several digital portals, like Invertia,[3]