Valencia’s new 70,000-seater stadium which is set to open next year just received a major boost after it was announced that world-leading telecoms firm Telefónica has been named as a founding partner.

Under the terms of the agreement, Telefónica will become a “strategic partner responsible for the design and development of the technological infrastructure,” and will also be responsible for managing the stadium’s wireless connectivity.

Immediately after the news broke, the valuation of the Valencia CF Fan Token ($VCF) jumped by over 30%, in an albeit short-lived price surge.

Valencia CF Fan Token ($VCF) Jumps 30%

From a low of $0.089 prior to the Telefónica breaking, the valuation of the Valencia CF Fan Token ($VCF) increased to $0.1163 amid a rapid increase in trading activity.

As seen below, the bulk of the price spike occurred within the space of just one hour. By time of writing the price had fallen back to the $0.097 mark, leaving $VCF holding onto 9% gains for the day.

Trade volume increased from $115,000 earlier in the day to over $790,000 by time of publication, as trade volume continues to climb even after the retracement of the token price.

Ultimately, following today’s price spike, the $VCF token valuation now stands 32% higher than it did just over three weeks ago, on Dec. 18.

Telefónica Partners for Valencia’s New Stadium

Valencia’s plans for a new stadium had been halted for years, but were kickstarted again in 2025, and the ‘Nou Mestalla’ is now expected to open in the summer of 2027.

Valencia’s leadership has stated that the alliance with Telefónica positions the telecoms firm as a strategic partner from the outset.

Telefónica will be responsible for installing a LAN (local area network) in the stadium to support its daily operations and administration.

The firm will also implement stadium-wide Wi-Fi that will be capable of supporting tens of thousands of users throughout the venue. Telefónica will also implement the stadium’s cybersecurity system, which will oversee and protect the new digital services featured in the stadium upon launch.

“Telefónica will contribute its expertise and innovative capacity to equip the Nou Mestalla with technological resources aligned with Valencia CF’s forward-looking vision, enabling the club’s growth and competitiveness in the sports and entertainment sector,” the club said.

Greg Thomson: Fan Tokens Market Reporter