Telesp - Telecomunicações de São Paulo S.A. (NYSE: TSP) was a telecommunications company in São Paulo state, Brazil. The company was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized, with Telefónica taking Telesp. From that time, Telesp was rebranded as Telefónica, yet the corporate name remains.