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    <link:label id="lab_ifrs-full_NameOfParentEntity_958a4517-be1d-4273-bcff-01d924eaeb6f_terseLabel_en" xlink:label="lab_ifrs-full_NameOfParentEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Name of parent entity</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NameOfParentEntity" xlink:to="lab_ifrs-full_NameOfParentEntity" xlink:type="arc" order="1"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
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    <link:label id="lab_tef_ProceedsFromPaymentsForPlacementsOfCashSurplusesNotIncludedInCashEquivalents_documentation_en" xlink:label="lab_tef_ProceedsFromPaymentsForPlacementsOfCashSurplusesNotIncludedInCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Proceeds from (Payments for) Placements of Cash Surpluses not Included in Cash Equivalents</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tef_ProceedsFromPaymentsForPlacementsOfCashSurplusesNotIncludedInCashEquivalents" xlink:to="lab_tef_ProceedsFromPaymentsForPlacementsOfCashSurplusesNotIncludedInCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CurrentLiabilitiesAbstract_a6eb10ae-0468-4d48-bd88-57fae80fbe37_terseLabel_en" xlink:label="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_CurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NameOfUltimateParentOfGroup_00e64f10-5fff-4adf-8c53-079ca185b691_terseLabel_en" xlink:label="lab_ifrs-full_NameOfUltimateParentOfGroup" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Name of ultimate parent of group</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NameOfUltimateParentOfGroup" xlink:to="lab_ifrs-full_NameOfUltimateParentOfGroup" xlink:type="arc" order="1"/>
    <link:label id="lab_tef_CashReceivedFromOperations_label_en" xlink:label="lab_tef_CashReceivedFromOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash received from operations</link:label>
    <link:label id="lab_tef_CashReceivedFromOperations_documentation_en" xlink:label="lab_tef_CashReceivedFromOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash received from operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_tef_CashReceivedFromOperations" xlink:href="549300EEJH4FEPDBBR25-2021-12-31.xsd#tef_CashReceivedFromOperations"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_tef_OperationsWithOtherEquityHolders" xlink:to="lab_tef_OperationsWithOtherEquityHolders" xlink:type="arc" order="1"/>
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    <link:label id="lab_tef_ShareOfLossesGainsRecognizedDirectlyInEquityForAssociatesAndOthers_documentation_en" xlink:label="lab_tef_ShareOfLossesGainsRecognizedDirectlyInEquityForAssociatesAndOthers" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Share of (losses) gains recognized directly in equity for associates and others</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_tef_ShareOfLossesGainsRecognizedDirectlyInEquityForAssociatesAndOthers" xlink:href="549300EEJH4FEPDBBR25-2021-12-31.xsd#tef_ShareOfLossesGainsRecognizedDirectlyInEquityForAssociatesAndOthers"/>
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    <link:label id="lab_tef_CashPaidFromOperations_label_en" xlink:label="lab_tef_CashPaidFromOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash paid from operations</link:label>
    <link:label id="lab_tef_CashPaidFromOperations_documentation_en" xlink:label="lab_tef_CashPaidFromOperations" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash paid from operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_tef_CashPaidFromOperations" xlink:href="549300EEJH4FEPDBBR25-2021-12-31.xsd#tef_CashPaidFromOperations"/>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_9252b909-2618-4d8e-863d-ad7fef88d70b_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
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