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Does anyone know what T.E.S.O.S.T.E.S.A stands for? I live in Spain and found this in my Direct Debits.?

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I am moving and on looking through my bank account found this direct debit. Don't like to cancel it just in case.

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  1. Telefónica, Sociedad Operadora de Servicios Telefónicos S.A., stands for the company of Telefonica Group responsible of providing telephone service in Spain

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